Not a great performance from SBM today. The quarterly will...

Not a great performance from SBM today.

The quarterly will reveal the truth.
From the recent COVID-19 update I worked out
SBM had net cash generation of roughly 58 million for the March quarter.
The cash on hand had increased by roughly 30 million (last quarter 79 million and this quarter 100 million),
after the dividend payment of roughly 28 million. Thanks for the 4c dividend. If things were not going okay, I'm sure management would have suspended the dividend.
So expecting a  good quarterly report.

Below is a chart where it is apparent the stock is dealing with a huge resistance at 2.45-2.65 zone.
Once it works it way through it, the next resistance zone would be 2.95-3.10
We''ll have to wait and see.



Any correction on the chart analysis will be much appreciated.