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Stock Chart: SembMar!
By Dou  •  February 7, 2012

On Tuesday, Sembmar broke the resistance at $4.97 and closed at $5.02 with LOW volume of 6.42 million shares traded.

During the past 10 bars, there have been 3 white candles and 7 black candles for a net of 4 black candles.  During the past 50 bars, there have been 24 white candles and 23 black candles for a net of 1 white candle.

RSI & MACD are turning bearish as MACD about to cross down.

Important Resistance of Sembmar: $5.15

Immediate Support of Sembmar: $4.97

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

Today SembMar just broke the critical resistance at $4.97 with low volume and this affirms that investors are no longer interested in buying the stock higher.

Too late to buy now as the prices already in overbought region.

We would suggest to sell once $4.97 support breached with ...

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By Dou
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