Swiber has been moving above the three moving averages (20D, 50D and 200D MA) recently and is currently testing a critical Resistance at about $1.053 (78.6% Fibonacci Retracement Level). The current chart is not able to confirm the breakout is successful until this resistance is broken with surge in trading volume.
Oceanus is forming a Falling Wedge or a potential Descending Triangle.
No clear direction until breakout.
Olam breaks a critical resistance at $2.82 yesterday. The next resistance is $3.05 (extended resistance line back in Mar-May, 2008) followed by $3.224 (123.6% Fibonacci Retracement Level). A safer entry point to consider is when Olam retraces back to$2.82 to test this is a good support to confirm the breakout is successful.
