Semb Marine 090508

After testing the 3.88 support (pink ...) again on 6 may, Sembcorp Marine recovered and managed to trade above the uptrend resistance (upp blue) on 7 may.



Sembcorp Marine then went on to break several resistances and today, Sembcorp Marine broke the long term downtrend resistance (upp pink). Sembcorp Marine also managed to break the 4.05 neckline (pink --).

If Sembcorp Marine opens above the 4.05 neckline (pink --) on monday, and breaks the uptrend resistance (mid light blue), there's a good chance we might see Sembcorp Marine testing the 4.22 high hit on 22 apr.

If Sembcorp Marine opens below the 4.05 neckline (pink --), we might see it consolidating, supported by the downtrend support (low red).

For monday :

Support @ 4.05 (upp pink, pink --), 3.98 (low red), 3.95 (upp blue), 3.93 (low light blue)
Resistance @ 4.08 (mid light blue), 4.15 (upp light blue), 4.17 (upp red), 4.22

Good Luck !!