Saturday, August 14, 2010

 

Swiber


This is daily chart of swiber. It tried to break up the support-turned-resistance line on 21th June and 26th July but failed as higher price is rejected by the cyclical resistance. On 12th August, swiber dropped to 0.99 just at 50 day moving average after 26 days from early july low. Can swiber be supported by the 50 day moving average?

# posted by chua @ 12:01 PM
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