On Monday, Swiber trend downwards and closed at $0.665 with LOW volume of 1.09 million shares traded.

RSI & MACD are bearish as MACD lines began to perform a death cross.

Immediate Resistance of Swiber: $0.695

Immediate Support of Swiber: $0.62

Currently prices are supported by 20 days MA.

Since 15/Aug, prices have been consolidating between the key resistance at $0.695 and key support at $0.62.

The resistance at $0.695 is expected to be strong.

We would suggest waiting for pullback to the support at $0.62 for good entry level. Sell at $0.695 if possible.

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

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