On Friday, Sembmar re-test the resistance at $5.30 and closed at $5.22 with LOW volume of 3.35 million shares traded.
A doji star occurred (where a doji gaps above or below the previous candle). This often signals a reversal with confirmation occurring on the next bar.
A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).
Both RSI & MACD are flat as RSI trend downwards.
Important Resistance of Sembmar: $5.30
Immediate Support of Sembmar: $5.16
Currently prices are resisted by 20 days MA at $5.30.
Prices seems to be holding well as the selling has eased for the past weeks.
The support at $5.16 is expected to be very strong.
Watch for the support at $5.16 if interested.
On Friday, Kepland broke ...
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