On Friday, Swiber breakout of the critical resistance at $0.83 and closed at $0.87 with HIGH volume of 14.82 million shares traded.

A big white candle occurred.  This is generally considered bullish, as prices closed significantly higher than they opened.  If the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.

RSI & MACD are bullish as RSI trend upwards.

Immediate Resistance of Swiber: $0.90

Immediate Support of Swiber: $0.83

Currently prices are resisted by 50 days MA.

Today prices have broken out of the consolidation mode with high volume to signal the reversal.

This is a bullish signal as it boosts the confidence of the investors.

However the prices are currently at a high level thus we would not suggest buying now but rather wait for pullback to $0.83 support level if possible.

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