Midas looks like breaking Down from Symmetrical Triangle with a price target of $0.58. Other Technical Indicators are supporting this bearish trend. Also take note the Swiber is currently trading below 20D, 50D and 200D MA.
Swiber is currently trading in a Symmetrical Triangle and looks like going to breakdown. Technical indicators are showing weakness:
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.
Pacific Andes is currently trading in A Symmetrical Triangle for a short term. Base on the chart pattern, it looks like Pacific Andes is going to breakout soon. Long term chart is still on an up trend. Fundamentally, Pacific Andes does not have any “wow” factory base on the financial result. Current PE of 16.1 is at its fair value but considered high compared to the past 3 years average PE of 9.1. Nothing fantastic financially base on FY2009 result:
$0.305 is a significant level to watch. This is also a 61.8% Fibonacci Retracement Level and all three moving averages (MA). Breaking out from this Symmetrical Triangle will send Pacific Andes to either $0.35 (78.6% FR) 0r $0.24 (38.2% FR).