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Stock Chart: SembMar!
By Dou  •  June 25, 2012

On Friday, Sembmar re-test the resistance at $4.53 and closed at $4.45 with LOW volume of 5.38 million shares traded.

During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles.  During the past 50 bars, there have been 22 white candles and 24 black candles for a net of 2 black candles.

RSI & MACD are bearish as RSI trend downwards.

Important Resistance of Sembmar: $4.53

Immediate Support of Sembmar: $4.40

Currently prices are supported by 20/200 days MA at $4.40

Since 10/May, prices have been consolidating between the key support at $4.22 and key resistance at $4.75.

The resistance at $4.75 is expected to be strong.

If interested in SembMar, we would suggest buying at $4.22 support if possible otherwise $4.40 support could be a ...

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By Dou
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