Semb Marine 250408

Sembcorp Marine did indeed break the uptrend resistance (upp blue) on 21 apr. However, the momentum was short-lived and Sembcorp Marine softened and tested the 4.05 support on a few occassions.



The 4.05 support finally broke today. Even the downtrend support (low red) broke. Sembcorp Marine also tested the 3.88 support (pink), before closing just below the downtrend support (low red).

If Sembcorp Marine opens below the downtrend support (low red) next week, this support would turn into a resistance. And we would probably see Sembcorp Marine trade within the 3.88 support (pink) and downtrend resistance (low red) for next week.

For monday :

Support @ 3.88 (pink), 3.85 (mid blue), 3.82 (red ...)
Resistance @ 4.01 (low red), 4.05 (pink --), 4.157 (upp blue)

Good Luck !!