Stock Chart: Swiber!

Stock Chart: Swiber!

On Monday, Swiber re-test the critical resistance at $0.585 and closed at $0.57 with LOW volume of 2.45 million shares traded. During the past 10 bars, there have been 3 white candles and 4 black candles for a net of 1 black candle. During the past 50 bars, there have been 14 white candles and 26 black candles for a net of 12 black candles. RSI & MACD are bullish as RSI trend upwards. Immediate Resistance of Swiber: $0.585 Immediate Support of Swiber: $0.515 Currently prices are resisted by 200 days MA at $0.585. Swiber has been trending downwards since 15/Feb/2012 forming a lower high and lower low. This is a bearish trend. The resistance at $0.585 is expected to be strong. We would not suggest to buy now till $0.585 resistance breached with high volume. Instead we suggest shorting at … Tagged as: Swiber Read the full article → Related posts:Stock Chart: Capitaland! Stock...

Full article: http://thefinance.sg/2012/06/11/stock-chart-swiber/