Sembcorp Marine was one of the few that ended the week on a rather strong note. You can see from the chart that Sembcorp Marine broke the downtrend resistance (upp black), after almost testing the 1.95 support (red ...), ending a three day downtrend.
The next resistance for Sembcorp Marine would probably be at 2.09, which is the day high for 10 nov, and the Doji it created on 10 oct, and also roughly indicated by the downtrend resistance (mid red).
If Sembcorp Marine can maintain trading within the uptrend channel (blue), we could see it test the 2.09 level next week. If the uptrend support breaks, we could see Sembcorp Marine revisiting the 1.90 level.
For monday :
Support @ 2.04 (pink --), 1.95 (low blue, red ...), 1.925 (low red), 1.89 (mid pink), 1.85 (upp black)
Resistance @ 2.083 (mid red), 2.17 (upp blue), 2.25 (red --)
Saturday, November 15, 2008
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