SembMar
SembMar has become one of the weakest stocks lately. During sell down, it is usually one of the top losers. During rebound, the gain is usually quite minimum.
The vertical golden color line is how much the stock prices have fallen in 2008 before it found a sustained support. When we super-imposed this line into the chart, it coincides with a key support level at $3.00, which is also Fibo 61.8%. Therefore, $3.00 could be where SembMar may find a strong support before a sustained rebound.
The vertical golden color line is how much the stock prices have fallen in 2008 before it found a sustained support. When we super-imposed this line into the chart, it coincides with a key support level at $3.00, which is also Fibo 61.8%. Therefore, $3.00 could be where SembMar may find a strong support before a sustained rebound.
Labels: Stock Pick
posted by Market Wizards @ August 19, 2011
Comments: 0
