jabbmeister
Short

Swedish Match needs a breather

OMXSTO:SWMA   SWEDISH MATCH AB
I expect $SWMA to retrace quite a bit, it looks exhausted.

The steep rise from dec lows in correlation to world indices was coupled with low volume , looking for support at green zone.
Comment: Looking at last weeks move above 470 as a stop run, observing closely next week.
Comment: Retracing as expected but over a longer period of time than expected, time and markets will tell if it reaches the A point support and eventually long term C point.
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