On Friday, Sembmar re-test the critical resistance at $5.45 and closed at $5.40 with HIGH volume of 8.81 million shares traded.

A black candle stick with long lower shadow similar to a hanging man affirms that the rally has lost it momentum as investors took profit.

Both RSI & MACD are flat as RSI trend sideways.

Important Resistance of Sembmar: $5.45

Immediate Support of Sembmar: $5.30

Currently prices are supported by 20/50/200 days MA at $5.30.

Since May 2011, prices have been consolidating along the key support at $5.15 and key resistance at $5.45.

For the past week, prices have been re-testing this resistance but failed to breakout.

The resistance at $5.45 is expected to be very strong.

Aim for the support at $5.15 if interested but avoid buying near the resistance at $5.45.

On Friday, Singtel broke the ...