On Friday, Sembmar broke the support at $3.65 and closed at $3.56 with LOW volume of 16.85 million shares traded.

A falling window occurred (where the bottom of the previous shadow is above the top of the current shadow). This usually implies a continuation of a bearish trend. There have been 10 falling windows in the last 50 candles–this makes the current falling window even more bearish. The two candles preceding the falling window were black, which makes this pattern even more bearish.

Both RSI & MACD are bearish as MACD lines about to cross down.

Important Resistance of Sembmar: $3.65

Immediate Support of Sembmar: $3.45

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

SembMar broke the critical support at $3.65 with high volume on Friday and this affirms that investors have dump this stock on falling oil prices.

We would suggest to ...