On Thursday, Swiber re-test the resistance at $0.745 and closed at $0.74 with LOW volume of 2.01 million shares traded.

RSI & MACD are flat as MACD lines converge together.

Immediate Resistance of Swiber: $0.745

Immediate Support of Swiber: $0.715

Currently prices are supported by 20/50 days MA at $0.715.

For the past 3 trading sessions, prices have been trying to break the resistance at $0.745 but failed. This is a bearish signal.

The resistance at $0.745 is expected to be strong.

We would suggest to monitor this stock for any breakout of $0.745 resistance as it is the sign of reversal. Buying on breakout would be a good entry point.

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