Shares & Derivatives
Stock Chart: SembMar!
By Dou  •  May 3, 2011

On Tuesday, Sembmar re-test the support at $5.52 and closed at $5.55 with regular volume of 5.35 million shares traded.

A long black candle stick with short lower shadow indicates investor are selling this stock down without any hesitant.

Both RSI & MACD are bearish as RSI trend downwards.

Important Resistance of Sembmar: $5.78

Immediate Support of Sembmar: $5.52

Currently prices are resisted by 50 days MA.

Prices re-test the critical support at $5.52 today and rebounded slightly to close at $5.55.

This 100 days MA/technical support is expected to be very strong and will not break easily.

Ideal entry prices will be at $5.31 support but it may not pull to that level. Thus do watch if $5.52 support can continue to hold as it could be a good entry price too.

Stock Chart: SembMar! is contributed by : Singapore ...

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By Dou
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