Sembcorp Industries' Share Price May Rebound -- Market Talk
Dow Jones
Aug 20
0109 GMT - Sembcorp Industries' share price may rebound, Phillip Securities Research's Zane Aw says in commentary. The relative strength index is currently at 26, suggesting an oversold condition on the chart, the analyst notes. The share price could be due for a recovery after recently falling sharply and quickly, Aw says. The share price is likely to rebound from a confluence of supports, including the 200-day simple moving average, and is expected to reach S$6.66. This level would mark a retest of the uptrend channel, which the share price had broken below at the start of August, the analyst adds. Shares are 0.3% lower at S$6.08. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
August 19, 2025 21:09 ET (01:09 GMT)
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