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.

Wednesday, October 15, 2008

Semb Marine 151008

What a roller-coaster ride it has been for Sembcorp Marine ! From a low of 1.95 on 10 oct, to a high of 2.73, and now closing at 2.04 today, all in a matter of 4 days !

We could see Sembcorp Marine trading between the downtrend channel (red) for the next few days. The 2.00 support should be quite resilient as the 2 long term downtrend supports(low pink, low red) meets around there.

However, if the support breaks, we could see it hitting the 18 apr 2005 low of 1.85.

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For tomorrow :

Support @ 2.02 (low red), 2.00 (low pink), 1.92 (low black), 1.85
Resistance @ 2.22 (mid black), 2.24 (mid red), 2.35, 2.40
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