SWKS semiconducter company which is rising from $20 for the last two years. Seems like it is in idstributing phase after earnigs report (wide, red candle on chart). Price is below all key moving averages since long time. Makes sence to take some profits before it will reverse to the higha again.
Break below 93.56 will trigger some selling pressure. With stop above 97.22 and target at 83.13 (measured move).
Make sence to take some profit at 200 EMA at 87.33. Risr/Reward 1 to 3 makes this trade more attractive.
Break below 93.56 will trigger some selling pressure. With stop above 97.22 and target at 83.13 (measured move).
Make sence to take some profit at 200 EMA at 87.33. Risr/Reward 1 to 3 makes this trade more attractive.