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.

Wednesday, March 26, 2008

Semb Marine 260308

Sembcorp Marine broke the downtrend resistance (upp red) on 25 mar and is now trading within the uptrend channels (green, blue).

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Sembcorp Marine seems to be on the end of a double-bottom formation. Currently looks to be testing the 3.80 - 3.82 neckline resistance.

If Sembcorp Marine fails to break the neckline, we might see it revisiting the 3.60 level.

For tomorrow :

Support @ 3.69 (mid blue), 3.634 (low green, upp red), 3.60 (low pink)
Resistance @ 3.772 (upp pink), 3.80-3.82 (neckline), 3.86 (upp green, upp blue)

Good Luck !!
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