Shares & Derivatives
Stock Chart: Swiber, Midas!
By Dou  •  January 30, 2011

On Friday, Swiber retest the support at $0.96 and closed at $0.96 with LOW volume of 1.1 million shares traded.

A flat candle stick with upper/lower shadow indicates that bulls began to buy up as it approaches the key support.

RSI & MACD are turning flat as RSI going sideways.

Immediate Resistance of Swiber: $1.01

Immediate Support of Swiber: $0.97

Currently prices are well below the 20/50/100/200 days MA.

Swiber has been very bearish as prices trend downwards along its falling channel.

Although $0.97 support is expected to be very strong but we would like to warn investors not to catch the falling knife as Swiber is very bearish at the moment.

It is advisable to wait for reversal before entry.

On Friday, Midas remains trending sideways and closed at $0.94 with LOW volume of 2.28 million shares traded.

A black candle ...

...
Read the full article
By Dou
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance