SembCorp Marine is taking a breather after the recent sharp fall. The trading range is getting tigher between $3.90 (20D MA Resistance & 61.8% FR Resistance)) and $3.65 (past 3 low recently). This $3.65 is very significant resistance turned support. Previous reisstance between June to Oct 2010 period. Breaking this $3.65 support will send SembMar to next immediate support of $3.365 (50% Gann Level).
- Post author:Marubozu
- Post published:September 19, 2011
- Post category:SembCorp Marine (SembMar)
- Post comments:1 Comment