SWKS monthly structure is deeply bearish, with price in a multi-year downtrend from 2021–2022 peaks above $180, now grinding toward the low $50s after a series of lower lows and closes below key monthly moving averages. Oversold conditions are extreme, but lack of higher highs keeps sellers in control until structural support at prior cycle lows is tested
Like, comment or follow if you like my ideas!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Like, comment or follow if you like my ideas!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.