Swiber share price recently has been cushioning well around the $0.45 level and a possibility that it is forming a short-term bottom around that level. Both RSI and Stochastic signals are lying flattish in the oversold indicating possible bottom formation. RSI and Stochastic signals are starting to show sign of moving up and MACD signal also trying to cut up. This could signal a near-term rebound should be materialized soon. The rebound could be capped as the DI pair is still negatively spaced and with ADX signal around the 20 level. Current support level is at $0.45 and potential rebound upside could be the $0.66 level. If $0.45 support breaks, the next support level would be $0.40. Swiber should be releasing its earnings this month and that could possible trigger the rebound.
