Dear all Just wish to alert on Seatrium’s chart development which may be noteworthy. Seatrium has tumbled approximately 26% from $0.120 on 2 Jan 2024 to $0.089 today. In fact, the sell-off has accelerated in the past ten trading days. Since 29 Jan, Seatrium has slid approximately 18% from $0.108 to $0.089 today. This 18% decline is accompanied with above average volume. Although such price action is not ideal, I wish to point out a few points.

1. a) Crucial resistance-turned-support area $0.087-0.088 likely will hold

Based on Chart 1 below, Seatrium is now testing a crucial resistance-turned-support area $0.087-0.088. Recall that Seatrium traded in a tight trading range $0.078 – 0.088 from 31 Aug 2021 to 3 Mar 2022, before breaking out. It subsequently went to a high of $0.151 on 5 Dec 2022. Based on my personal view, I suspect this area $0.087-0.088 should hold. Chart 1: Key resistance-turned-support area $0.087-0.088 likely holds Source: InvestingNote 13 Feb 24

1. b) Today’s price action seems to have buyers at $0.088 

For most of the past ten days, based on my manual observation, Seatrium...