SembMarine has broken 50D MA support with a bearish marubozu candle last trading day. MACD is weakening and entering into the negative territorry. A strong resistance is seen at $3.95 which is the down trend resistance, 61.8% Fibonacci Retracement Level and also the 20D MA. Immediate support at $3.65 (weak support) followed by $3.38 (50% FR).
This original content is from My Stocks Investing Journey.
IndoAgri has been in consolidation mode after finding the bottom in early Oct. Base on currenty chart pattern, it looks like IndoAgri is going to continue the down trend if the stock cannot break above the Down Trend resistance, 20D & 50D MA at about $1.30. Immediate support is $1.13 followed by $0.70 (123.6% FR). Weekly chart is also showing a similar pattern after Bearish Harami candlestick pattern formed at the end of Oct.
The analysis is originally from My Stocks Investing Journey.
UOB has a doji yesterday to stop the down trend for a while.
Updated chart to show the supports and resistances. Supports look for 123.6% FR, 138.2% FR. Resistance at $15.88.
