Swiber is coming back to test the 20D/50D MA support and possibly the neckline of the Double Bottoms. If Swiber can stay above these supports, a “Lower High, Higher High” up trend pattern is formed but Swiber needs to clear the 61.8% Fibonacci Resistance at $0.88 first for the confirmation.
Swiber: Starting Up Trend?
- Post author:Marubozu
- Post published:April 17, 2011
- Post category:Swiber
- Post comments:0 Comments
Tags: Double Bottoms