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.

Sunday, March 30, 2008

Semb Marine 280308

Sembcorp Marine tested the neckline (red ...) today but failed to break it. Although it broke the uptrend support (low green), Sembcorp Marine still managed to close above the 2 downtrend support (upp red, low pink).

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Sembcorp Marine could trade sideways (within the pink channel) next week before testing the neckline again. If Sembcorp Marine is able to break the neckline, we could see it testing the 4.20 level.

For tomorrow :

Support @ 3.724 (low green), 3.611 (upp red), 3.58 (low pink), 3.43 (low blue)
Resistance @ 3.76 (upp pink), 3.82 (red ...), 3.90 (mid blue), 3.963 (upp green)

Good Luck !!
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