Swiber: Break 200D SMA Support

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Swiber is on confirmed down trend now after breakout from the wedge pattern and the 200D SMA support ┬áThe stock is currently trading in a “Lower Low, Lower High” down trend channel. Currently the stock rebounds to retest 200D SMA support turned resistance. Next significant support is predicted at $0.57 which is the 161.8% FR target.

2013Apr19-Swiber-800x600

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