Semb Marine 180708

After breaking the 4.22 support (red --) on 15 jul, Sembcorp Marine has now tested the 4.12 support (green --) 3 times. As mentioned previously, we could see Sembcorp Marine retreating further if the 4.12 support is broken.

Of course, that would mean that Sembcorp Marine breaking the 4.00 support (blue ...) as well as the long term downtrend support (low pink).

However, we may see Sembcorp Marine trading sideways intially, between the 4.22 resistance (red --) and 4.12 support (green --).



For monday :

Support @ 4.12 (green --), 4.053 (low red), 4.045 (low blue), 4.00 (blue ...), 3.99 (low pink), 3.94 (pink --), 3.86 (green ...)

Resistance @ 4.18 (pink ...), 4.22 (upp red, red --), 4.235 (mid blue), 4.26 (mid pink), 4.30 (blue --), 4.37 (upp blue)