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Sunday, August 20, 2006

Semb Kim

Listed since 3 February 2000 on SGX Mainboard, Sembawang Kimtrans Ltd is a leading integrated logistics service provider, offering air, land and sea logistics services.

From chart, last two session's of super volume propelled sembkim past its all-time high at .65 to close at a new high of .685. However, as draw on the chart, it is still below its main uptrend channel resistance. RSI is showing super strength as it maintains itself above the 50% mark since it recovered in early june'06. Significant support for any downside at .635 and .585.

2 comments:

TopTrader said...

Breakout is probably valid since it was coupled with heavy volumes.

TopTrader said...

WEEKLY CHART - evening star, a top in place, sell on any technical rebound!