Semb Marine 110408

Sembcorp Marine seem to have found temporary support at the 3.41 level (green --). It managed to recover and is now trading within the uptrend channel (green).



It remains to be seen if Sembcorp Marine can maintain its recovery and continue to trade within this channel (green). If it can break the downtrend resistance (upp red) and uptrend resistance (mid green) next week, we might see it testing the 3.61 resistance (pink --).

However, if Sembcorp Marine breaks the 3.41 support (green --), we might see it revisiting the 3.25 support (blue --).

For monday :

Support @ 3.44 (low blue), 3.43 (low green), 3.41 (green --), 3.39 (mid red), 3.31 (low red), 3.25 (blue --)
Resistance @ 3.533 (mid green), 3.558 (upp red), 3.61 (upp blue, pink --), 3.65 (upp green, low red --), 3.70

Good Luck !!