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.

Monday, May 5, 2008

Semb Marine 050508

After hitting a low of 3.69 on 30 apr, Sembcorp Marine managed to recover and trade above the 3.88 neckline resistance (pink) today.

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Whether the 3.88 neckline will turn into a support will have to depend on whether Sembcorp Marine can stay above the uptrend resistance (upp blue) tomorrow.

For tomorrow :

Support @ 3.88 (pink), 3.84 (low red --), 3.82 (red ...), 3.79 (low light blue), 3.74 (mid blue)

Resistance @ 3.90 (upp blue), 3.947 (upp light blue), 3.99 (low red), 4.02(upp red --)

Good Luck !!
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