Swiber has dropped 8% in seven trading days, from an intraday high of $0.685 on 3 Apr to $0.630 on 12 Apr. Contrast this with its 57.5% owned subsidiary Kreuz which closed at $0.530, near its all time closing high of $0.535. (Based on Chart 1 below, Swiber was nowhere near the recent high of around $0.720 on 27 Feb which was briefly touched upon after its release of 4QFY12 results.) Chart 1: Swiber dropped five consecutive days. Supports 0.620 -0.630 / 0.610                       Source: CIMB itrade complimentary chart (12 Apr 13) Chart 2: Kreuz closed […]