On Thursday, Sembmar re-test the support at $4.37 and closed at $4.40 with HIGH volume of 9.57 million shares traded.
RSI & MACD are bearish as RSI trend downwards
Important Resistance of Sembmar: $4.68
Immediate Support of Sembmar: $4.37
Currently prices are well below 20/50/100/200 days MA.
For the past 3 trading days, Sembcorp has been undergoing heavy selling pressure but the critical support at $4.37 hold on.
The resistance at $4.37 is expected to be strong.
As of Today, the selling pressure has clearly start to ease. It would be a good time to monitor this stock for entry at $4.37 as rebound is well expected now. Cut loss once $4.37 support breached with high volume.
Important News
Noble Group Ltd. (N21.SG) 3Q net profit of US$75.2 million compared with US$17.5 million net loss a year earlier ...
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