On Friday, Sembmar re-test the support at $5.15 and closed at $5.28 with LOW volume of 7.59 million shares traded.
During the past 10 bars, there have been 3 white candles and 4 black candles for a net of 1 black candle. During the past 50 bars, there have been 20 white candles and 23 black candles for a net of 3 black candles.
RSI & MACD are flat as RSI trend sideways.
Important Resistance of Sembmar: $5.43
Immediate Support of Sembmar: $5.15
Currently prices are supported by 50 days MA at $5.15.
Since 6/Feb, prices have been consolidating between the key support of $4.97 and key resistance of $5.43.
The support at $4.97 is expected to be strong.
We would suggest to buy Sembmar only when prices pullback to the $4.97 support.
Stock Chart: SembMar! is contributed by ...
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