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 …