Semb Marine 310708

As discussed on 25 jul, Sembcorp Marine closed rather strongly on that day, and we also saw it testing the 4.12 neckline (green --) twice.

Sembcorp Marine finally broke the 4.12 neckline (green --), as well as the downtrend resistance (upp red), today. It also closed right on the 4.19 resistance (pink ...).

Will Sembcorp Marine break the crucial 4.22 neckline (red --) ? It would have to first have to break the 4.19 resistance (pink ...) as well as the long term downtrend resistance (mid pink). Of course, that's provided Sembcorp Marine doesn't succumb to profit taking and break the 4.12 neckline (green --).



For tomorrow :

Support @ 4.14 (upp red), 4.12 (green --), 4.03 (low blue), 4.00 (blue ...)
Resistance @ 4.19 (pink ...), 4.20 (mid pink), 4.22 (mid blue, red --), 4.30 (blue --)