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, February 25, 2009

Semb Marine 250209

Sembcorp Marine broke out from the downtrend resistance (upp red) with volume today. It ran smacked into the 1.48 resistance (blue --) before closing at 1.46, which coincidentally is the opening price on 18 and 20 feb.

If Sembcorp Marine manages to break the 1.48 resistance (blue --), we could see it 1.55 neckline (red ...). A bigger resistance looms at 1.61 (green --).

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For tomorrow :

Support @ 1.41 (upp red, red --), 1.36 (low blue), 1.26 (low red)
Resistance @ 1.48 (blue --), 1.52 (upp blue), 1.55 (red ...), 1.61 (green --),
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