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.