Thursday, March 8, 2018

SembMarine - Trending Up North

Sembmarine a stock that suffered a heavy sell down after the steep rise yesterday started to also recovered to yesterday's high. See my outlook for Sembmarine before the sell down happened.

After the sold down yesterday, from the 5 minute chart, it has reached a demand zone where there were some collections first before the stock started to gap up today and rise. Combined with my morning before market 8:58am bullish market outlook, the stock can only go north at the moment.

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