On Thursday, Sembmar broke the critical support at $5.30 and closed at $5.26 with HIGH volume of 10.76 million shares traded.

An engulfing bearish line occurred (where a black candle’s real body completely contains the previous white candle’s real body). The engulfing bearish pattern is bearish during an uptrend. It then signifies that the momentum may be shifting from the bulls to the bears.

Both RSI & MACD are bearish 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.

Today Sembmar broke the critical support at $5.30 with high selling pressure and this is a bearish signal.

We would NOT suggest buying now as today selling down likely to trigger more selling ahead.

Watch for the critical support at $5.16 before any decision.

Stock Chart: SembMar! is ...