Disclaimer

Disclaimer:-Please note that all such analysis is provided by way of information only. All of the information was and should be taken as having been prepared for the purpose of reference only and that none were made with regard to any specific investment objective, financial situation or the needs of any particular person who may receive the analysis. Any recommendation or advice that may be expressed in or inferred from such analysis therefore does not take into account and may not be suitable for your investment objective.

Thursday, March 6, 2008

Semb Marine 060308

Sembcorp Marine has been trading below the uptrend support (low green) and downtrend resistance (upp red) since 3 mar.

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From the chart, it seems that Sembcorp Marine has formed the Head & Shoulders formation. Neckline looks to be around the 3.38 - 3.40 region. If Sembcorp breaks this neckline, we may see it testing the 3.00 level again.

For tomorrow :

Support @ 3.387 (upp blue), 3.35 (mid red), 3.31 (low blue)
Resistance @ 3.48 (upp red), 3.56 (low light blue)

Good Luck !!
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