Swiber seems ready to break out of its high of 1.08 after many months of consolidation. It is also riding on the oil and gas theme. Deserves watching, and I definitely want to replace this with F&N, which is expiring by 25th of this month.
The plan:
Major Trend: Up
Secondary trend: Up
EP: 1.13 (above 1.10 pyschological resistance, year high of 1.08)
SL: 0.83 (below recent day low)
TP1: 1.43
TP2: 2.03
RRR: 1:2
Size: 1,300 shares
Potential Loss: $390
Potential Profit: $780
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