Wow today touches 1.97.. Sembmarine Resistance After this, next support 1.88 will be in play. Why i know this?? You have to ask my buddy.. We bloody went in to short at THIS POINT and breakup happened.. and many opening and closing due this point.Why Sembmarine MIGHT rebound from this point?
1) Do you see the GAP? Why so special with this GAP. This is island where GAP down at 1.97 and close 1.97 and GAP UP next day!!!
2) 7-day RSI at 37.6 should give a buy signal on any further drop towards 30 which could come if it hits below $1.97.
3) Left one trading week towards 8 of May report (Expecting good FA)
4) The last time Semb Start turn bull on 3 March is almost one trading week ahead STI reverse bull on 10 March.. Looking at STI potential at 1740-60 region? Would this sexy lady lead again at this Point?
Worst case is it will breakdown 1.88 supported by lower bolinger band. The risk here is, during bull run price trend hug very closely and majority on upper bolinger. Even touches lower bolinger band it will bouce easily to met upper band.
My take (60% Breakup) (40% Breakdown)
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