On Friday, Sembmar re-test the support at $4.53 and closed at $4.53 with HIGH volume of 12.64 million shares traded.
During the past 10 bars, there have been 2 white candles and 6 black candles for a net of 4 black candles. During the past 50 bars, there have been 21 white candles and 23 black candles for a net of 2 black candles.
RSI & MACD are bearish as RSI trend downwards.
Important Resistance of Sembmar: $4.75
Immediate Support of Sembmar: $4.53
Currently prices are supported by 200 days MA at $4.53
For the past 2 trading sessions, prices have been trading in high volume as bulls and bears are fighting at the support of $4.53.
The support at $4.53/$4.36 expected to be strong
The trend of the Sembmar remains bearish and suggest not to buy now till consolidation …