Observation from chart:-
Sembcorp Marine (SGX: S51) forming lower high & lower low.
Will it retest downtrend resistance line?
Other indicator:-
MACD trade @ negative region, downtrend sign.
Stochastic %K trigger SELL call, pending confirmation.
Immediate resistance @ MA20 line
Subsequent resistance @ uptrend resistance line.
Immediate support @ $0.157 level.
If break this level, lower low is confirm. Downtrend resume.
Let's watch closely Disclaimer
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