Low seen today at 2.36, let’s watch!!! Were you notified?
Sent: Monday, August 03, 2015 12:09 PM
Subject: ******* Sembcorp Marine: Breaking below the 2.75 support level last week, careful long positions...
Subject: ******* Sembcorp Marine: Breaking below the 2.75 support level last week, careful long positions...
Sembcorp Marine has broke below the 2.75 – 2.76 critical support level last week on above average volume. A Descending triangle has been spotted and a breakdown below not a good sign. May start to find some temp support around the 2.58 level first with range capped at 2.65 for now. As long as 2.70 – 2.75 is a resistance, more downside in the mid to long term likely with target at 2.40 then 2.00 possible. CFD SELL can be used to ride any temp technical rebound below these resistance levels. All 3 moving averages pointing lower with no end to downside in sigh and with oil price retracing lower. Cautious long positions.
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