I am considering taking this Bearish
swing trade on SWKS
. One thing I worry about is if I am triggered into the trade SWKS
just recently bounced nicely off of the 20 EMA
. If I get triggered in Monday or Tuesday, most likely the 20 EMA
will be just below my entry. I sort of would rather have SWKS
move sideways a few days allowing the 20 EMA
to move above my trigger price. Obviously, I have no idea if the trade will work out in my favor or for that matter if I will even be triggered into it but I really like how the price action looks when I view the hourly chart. To me, it looks pretty weak.