Oh Dear! An Head and Shoulders is formed on SembCorp Industries. Breaking down the neckline at about $4.80 may send SembCorp to about $4.00. Take note that there was a gap down to break the 200D MA support on last Friday. The uptrend is over after 2.5 years uptrend if this stock cannot stay above the 200D MA.
A Good stock to short? PE is at 10.81 @$4.80 which is not over value. A test of logic and emotion in the market now! Fear will throw all the fundamental analysis out of the window! Still have lot of “downside potential” to short compares to Yangzijiang and COSCO in my opinion!