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.

Saturday, May 31, 2008

Semb Marine 300508

After opening right on the 4.60 resistance (red --) today, we saw selling pressure pushing Sembcorp Marine below the uptrend resistance (upp blue, upp light blue). Sembcorp Marine almost tested the 4.44 support (pink ...).

If Sembcorp Marine opens below the 4.60 resistance (red --) on monday, we could see it trading sideways, support by the uptrend support (mid light blue) and 4.44 support (pink ...).

For Sembcorp Marine to have a chance of breaking the long term downtrend resistance (upp pink) and uptrend resistance (upp light blue), it would have to stay above the 4.60 neckline.

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For monday :

Support @ 4.60 (upp blue, red --), 4.492 (mid light blue), 4.44 (pink ...), 4.378 (low light blue)
Resistance 4.64 (upp light blue, upp pink, pink --), 4.75 (red ...)

Good Luck !!
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