Semb Marine has been supported above the 4.10 level since Jan 2012. This support is likely to hold. Possible to accumulate on Dips near the 4.10 support level for a potential rebound. As long as 4.10 is a support, a rise towards 4.30 and 4.40 seems likely. A break below 4.10 can lead it to test critical 4.00 fast. We would cut all long positions and take up short positions on the breakdown of 4.00 psychological support with a near term target of 3.65.
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