Semb Marine: Start of a Down Trend

SembMarine is trading within a big Falling Wedge. The stock had a gap down last trading session after the quarterly earning and was trading below all the 3 Moving Averages. Base on the chart pattern, SembMarine has a good swing trade opportunity by shorting from the Wedge resistance to the wedge support. The stock may stage a rebound on next session after forming an Inverted Hammer candle and rebound of US Stock Market on Friday. Target to short on the rebound when hit $4.70 level (200D SMA resistance)

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