On Wednesday, Swiber re-test the critical resistance at $0.615 and closed at $0.615 with HIGH volume of 8.09 million shares traded.

RSI & MACD are bullish as RSI trend upwards.

Immediate Resistance of Swiber: $0.615

Immediate Support of Swiber: $0.595

Currently prices are resisted by 50/200 days MA at $0.615.

Today Swiber has re-test the resistance at $0.615 with buying pressure but failed to break out. This is a bearish signal.

The resistance at $0.615 is expected to be strong.

We would not suggest to buy now as RSI near overbought region and the resistance at $0.615 is expected to be strong. Any rally will be short-lived.

Stock Chart: Swiber! is contributed by : Singapore Stock Information Exchange

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