On Friday, SembMar re-test the support at $4.84 and closed at $4.84 with HIGH volume of 15.94 million shares traded.
A LONG black candle stick with lower shadow affirms that bears have tried to short this stock down below the support.
Both RSI & MACD are bearish as RSI continue to trend downwards.
Important Resistance of SembMar: $5.20
Immediate Support of SembMar: $4.84
Currently prices are supported by the 20 days MA at $4.84
On 26/Nov, traders tried to short the stock down below the support of $4.84 as with high selling pressure.
We would not encourage investors to buy at this moment since the price is still relatively high.
Instead buying at 200 days MA would be an ideal entry price (current price at $4.11)
If vested, do watch the support at $4.84 and consider taking profit if the support ......
