The bollinger band of Swiber is narrowing and potentially signaling a big movement in the price coming soon. Looking at several indicators like MACD, RSI, Stochastic and DI pair, it is more bias towards an upside movement than the downside. Current support level is at $0.535. Breakdown price would be at $0.495 and breakout would be at $0.615. A breakout could see it retesting its recent high of $0.74. Though the DI pair is positively spaced but the ADX signal is below 20 level indicating a lacking of strong momentum for the outburst of price movement.
At current price level of $0.585 as of last Friday closing price, upside of $0.74 and downside of $0.495, the reward/risk ratio is
($0.74 - $0.585) / ($0.585 - $0.495)
= 1.72
