Swiber is forming a Long Term Wedge from April 2010 to Dec 2010. Current Swiber stock price is moving in a very tight range between $1.092 (78.6% Fibonacci Resistance) and $0.953 (61.8% Fibonacci Support). Also take note that the recent high from Sept to Nov is getting lower and lower. It is not advisable to take any position until there is a clear breakout for Swiber.
Dapai has broken the 52 weeks resistance of $0.21. Currently Dapai is testing the $0.19 (38.2% Fibonacci Retracement Support) and seems forming a Falling Wedge. Stochastic and RSI shows Dapai is oversold.
Also take note that current Dapai chart is bearish as stock price is trading below 20D, 50D and 200D MA. However, Dapai is super under value base on fundamental analysis. The below factors you need to consider if you are interested in Dapai:
I hope my comments are able to help the readers answer your own questions should you trade or invest in Dapai International. Every investor or trader have different objective and holding period, you need to have your strategy and know what you are doing. As I am INVESTING in Dapai, the current down trend does not bother me because I am looking for opportunity to buy more. Of course I am monitoring the company business closely before committing more capital into it.
Olam has been forming a multiple tops since last breakout. The current level is also close to 3 years high. Recently Olam has broken the 50D MA support and unable to break above the 50D MA. This 50D MA has turned support into resistance. It is a time to take profit if you have made handsome profit since the breakout. The next immediate support is $3.05 (Double Tops Resistance in 2008) followed by $2.845 (78.6% Fibonacci Retracement Level).
