Semb Marine 290508

After testing the 4.27 support (pink ...) at the beginning of the week, Sembcorp Marine resumed its uptrend momentum to test the 4.60 resistance (red --) and closing right on it.

If Sembcorp Marine opens above the uptrend support (mid light blue), we might see Sembcorp Marine breaking the 4.60 resistance (red --) for good.

If the uptrend momentum cannot be sustained, we might see Sembcorp Marine trading sideways betweem the 4.60 resistance and downtrend support (low pink).



For tomorrow :

Support @ 4.576 (low pink), 4.41, 4.35 (low light blue), 4.33 (mid blue), 4.27 (pink ...), 4.22 (low pink)

Resistance @ 4.60 (red --), 4.66 (upp blue), 4.80 (upp light blue)

Good Luck !!