ScomiMR closed at above RM0.50 last week. The share price of ScomiMr turned
bearish when its 10-day SMA cut below the 40-day SMA in Nov 2009. It fell to below
the RM0.50 level in the same month and since then, sustained at below RM0.50.
The stock launched a powerful technical rebound in Jul 2010, with the 10-day SMA
rebounding to above the 40-day SMA. It hit a fresh year high of RM0.565, before
closing last Friday at RM0.51, near the resistance-turn-support level of RM0.50.
Scomi Marine : In Anticipation Of A Tchnical Rebound Soon… - 26/07/2010
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