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.

Sunday, March 1, 2009

Semb Marine 270209

Sembcorp Marine failed to break the 1.48 resistance (blue --) and even closed below the 1.41 support (red --).

As you can see from the chart, the uptrend support (low blue) meets the downtrend resistance (upp red) at 1.38, which is the opening/closing price on 24 feb. If Sembcorp Marine breaks below this level, we could see it retest Oct 08 lows.

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For monday :

Support @ 1.37 (low blue), 1.33 (mid red), 1.24 (low red)
Resistance @ 1.44 (upp red), 1.48 (blue --), 1.535 (upp blue), 1.55 (red ...)
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