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