Semb Marine 230508

Ever since breaking the 4.05 neckline on 9 may, it has been uptrend all the way for Sembcorp Marine. It even broke the 4.27 resistance (pink ...) on 20 may.



Sembcorp Marine is now within sight of the 4.58 resistance (red --), which is the level from which it went on a downward spiral on 31 oct 2007.

If Sembcorp Marine can continue to trade above the uptrend support (mid light blue) next week, there might be a chance of testing the 4.58 resistance (red --).

However, If the uptrend support (mid light blue) breaks, we might see Sembcorp Marine consolidate around the 4.27 support (pink ...).

For monday :

Support @ 4.444 (mid light blue), 4.284 (mid blue), 4.27 (pink ...), 4.25 (low pink), 4.21 (low light blue)

Resistance @ 4.55 (upp pink), 4.58 (red --), 4.62 (upp blue), 4.67 (upp light blue)

Good Luck !!