Semb Marine 171008

After opening below the downtrend support (mid black, mid red) on 16 oct, Sembcorp Marine went on to quickly demolished the 1.85 (18 apr 2005 low) support and closed on the downtrend support (low pink).

Today was just as bad as Sembcorp Marine even broke the 2nd downtrend support (low black), closing right on the long term downtrend support (low red).



We can see the downtrend support (low black) meeting the long term downtrend support (low red) around the 1.54 level sometime next week. If these 2 supports fail to hold, we could see Sembcorp Marine heading for the 1.40 level as indicated by the downtrend support (low black).



For Monday :

Support @ 1.547 (low red)
Resistance @ 1.58 (low black), 1.59 (green --), 1.69 (low pink), 1.76 (blue ...), 1.80 (mid black)