SembMarine: Trend Reversal
SembMarine stock price is reversing after a Bearish Kicker candlestick pattern has been formed at 61.8% Fibonacci Resistance. Immediate support is at $3.65, followed by 20D MA at about $3.50 and $3.365 (50% FR).
SembMarine stock price is reversing after a Bearish Kicker candlestick pattern has been formed at 61.8% Fibonacci Resistance. Immediate support is at $3.65, followed by 20D MA at about $3.50 and $3.365 (50% FR).
City Development rebounded recently but failed to take out this $10.00 support turned resistance. The complicated Head and Shoulders chart pattern is still valid and the price target of this breakdown is $6.70.
See previous post here.
Kepland is turning down again after the recent rebound. Keppel Land has failed to break the resistances at about $2.75 – $2.80 (Support Turned Resistance Down trend line, 50% FR, 50D MA). Expect Kepland to continue to slide to the next support at $2.34 (38.2% FR) followed by $1.77 (23.6% FR).