Swiber: Watch out for Breakout

  • Post author:

Swiber is currently trading in a Symmetrical Triangle and looks like going to breakdown. Technical indicators are showing weakness:

  • Stock Price is trading under 20D, 50D and 200D MA.
  • MACD is Bearish Convergence.
  • Stock price is getting close to the lower band of Bollinger Band.
  • RSI and Stochastic are not bullish at all.
  • Stock Price is trading under the Parabolic SAR.

Base on current chart pattern and technical indicators, it looks like Swiber has higher chance of breaking down. Price target of breakdown from this Symmetrical Triangle is $0.64.

Continue ReadingSwiber: Watch out for Breakout

Golden Agri: On Up Trend Channel

  • Post author:

Golden Agriculture is currently trading within an Up Trend Channel.  As long as the channel support is not broken, a good entry is near the channel support which is at about $0.57.  The 50D MA should provide a good support at about $0.55. Near term resistance is $0.615.

For short term safe trade: entry point at $0.57, exit point at $0.615. 8% Profit target.

Cut loss if GoldenAgri breaks the 50D MA support.

Disclaimer: I am NOT a certified stock analysis. The analysis posted is for my own use only and for information sharing. Use the inforamtion at you own risk.

Continue ReadingGolden Agri: On Up Trend Channel