Shares & Derivatives
Stock Pickk – SembMarine
By Stock Market  •  July 31, 2012
Buy at Support, Sell into Resistance? 8 May 2012:  Sembmarine closed @ 4.840. Back then, we highlighted the possibility of covering its gap at 4.710 - 4.820 followed by 4.350 - 4.44024 May - 1 Jun 2012: It was range bounded within 4.390 - 4.450. It closed at 4.40 on 1 Jun 2012. 4 Jun - 8 Jun 2012: It gap down to opened at 4.25 for the week, with a high of 4.40 and low of 4.190. 9 Jun 2012 onwards: It is pretty much trending upwards At this moment, the immediate resistance level stands at 4.970 - 5.070; whereas the immediate support stands at 4.800 - 4.850.
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