SEMBCORP MARINE STOCK: AN TECHNICAL UPDATE
I believe near-term catalysts for Sembcorp Marine stock will be the privatization or M&A of Sembcorp Marine which is still possible even though the Strategic Review of Sembcorp Industries does not offer any clue to this possibility. An uptick of oil prices should also support the move of the price north. However, Sembcorp Marine stock price is still above the 200-Days-Moving-Average and if it does go below this longer-term average then a technical downtrend would set in.
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