Semb Marine 040408

Updated the trendlines for Sembcorp Marine.

Sembcorp Marine tested the 3.82 neckline twice, on 1 and 2 apr, before trading sideways for the last 2 days. Incidentally, the high (3.88) on 2 apr is the same as 27 feb.



We might see Sembcorp Marine attempt to test the 3.82 neckline again next week. If Sembcorp Marine can break the 3.82 neckline, as well as the 3.88 high, the next resistance would be around the 4.00 level.

If Sembcorp Marine is unsuccessful, we might see it receding to the 3.60 level.

For monday :

Support @ 3.748 (low green), 3.68 (low red), 3.61 (blue ...)
Resistance @ 3.82 (red ...), 3.857 (upp red), 3.88 (pink), 3.94 (upp green), 3.98 (upp blue)

Good Luck !!