With price of crude oil skyrocketing to its year-to-date high at US$78 per barrel, petroleum and energy related stocks benefited from this tremendous rally in crude oil. A stock to watch out for will be Semb Corp.  Studies from indicators suggest that the stock may be poised for further upside. The MACD trend indicator had a bullish crossover above its signal line and centerline, moreover the MFI oscillator had broken above its resistance thus all these positive signals suggest that upside momentum is building up. A break above its immediate resistance at $3.52 may set up an assault on the next resistance at $4.00 followed by a stronger resistance at $4.20. Key support will be at $3.18 and failure to hold may signal a possible top and see a slide towards the next classical support at $2.83.