On Friday, Sembmar broke the support at $3.80 and closed at $3.70 with HIGH volume of 14.61 million shares traded.

Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.

Both RSI & MACD are turning flat as RSI trend sideways.

Important Resistance of Sembmar: $3.80

Immediate Support of Sembmar: $3.65

Currently prices are well below the 20/50/100/200 days MA.

Prices broke the critical support at $3.80 with high selling pressure on Friday. This is a bearish signal.

This affirms that the selling pressure has not eased and investors continue to dump this stock in fear.

Do not suggest to long this stock now as it is in critical stage now.

Watch for the support at $3.65 for any hints of support before any decision.

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