We observed a symmetrical triangle formation on the chart of Sembcorp.  As triangle patterns are known to be trend continuation rather than reversal, the probability of the stock breaking down to test the low $1.90s is higher.  Also, the converging of the moving average lines suggests that a breakout into a new trend is beckoning. With STI and a lot of stocks trading near the moving average resistance, traders who trade on the long side ought to be prudent as it will be on the riskier side. In a bull market, we look for support to buy; while in a bear market; we look for resistance to sell. Hence, when the rebound happens, it may be a better strategy to look for the resistance to sell. We are in a bear market after all.