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 ...