traderprosignals

S51 SGX BUY/LONG NOW READY 0.175 to 0.655 by Early-Mid 2022

Long
SGX:S51   SEATRIUM
TICKER CODE: S51
Company Name: SEMBCORP MARINE
Industry: Singapore Stocks Producer Manufacturing Trucks/Construction/Farm Machinery

Position Proposed: BUY

Entry: NOW READY (0.175-0.190)
1st Partial Take Profit: 0. 465(August-October 2021)
2nd Partial Take Profit: 0.655(Early-Mid 2022)

Note that timeline buffered, I would expect Full Take Profit by Early 2022

Stop Loss: 0.160

Technical Analysis
1. Large Inverted Head & Shoulders (Forming)
2. Fibonacci Retracement at 0.786 ( Silver Zone)
3. Flag Pattern (Nearly Completed)
4. 1st Take Profit will be at Fibonacci Expansion Safe Take Profit and Flagpole Length
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