Sembcorp Marine after hitting the high of 1.775 on 9th June 2016 it had since drifted lower to close at 1.55 which is also the current support level.
Do hope that it can hold up well at this support level of 1.55 and eventually rises higher to test the immediate resistance at 1.64.
The similar chart patterns looks like it may repeat itself again after touching 1.55 it had on several occasion managed to stage a recovery and rises higher.
First confirmation sign will be if it is able to cross over 1.64 with ease + high volume that may propel to drive the share price higher towards 1.665 then 1.75.
(trade base on your own decision)
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