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.

Sunday, July 6, 2008

Semb Marine 040708

What a week it has been for Sembcorp Marine. After almost testing the 3.86 support (green ...) on 27 jun, Sembcorp Maring totally reversed its downtrend and recovered to test the 4.30 resistance (blue --).

We may see some profit taking for Sembcorp Marine this week, with trading probably going sideways around the 4.22 level (red --), and possibly testing the 4.12 support (green --).

If Sembcorp Marine stays above the 4.22 support (red --), we might see it testing the 4.30 resistance (blue --) soon, or even breaking it.

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For monday :

Support @ 4.22 (red --), 4.12 (mid blue, green --), 4.07 (low red), 4.055 (low pink), 4.00 (blue ...)
Resistance @ 4.276 (upp red), 4.30 (blue --), 4.32 (mid pink), 4.38 (upp blue), 4.40 (pink ...)

Hope you find my analysis helpful. Thank you for your support !!
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