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.
Swiber: Forming a Long Term Wedge
- Post author:Marubozu
- Post published:December 12, 2010
- Post category:Swiber
- Post comments:0 Comments
Tags: Wedge