Text me if you have any questions/comments for me.
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SWP
- First time doing a written analysis on SWP
- Has a history of nice uptrends with retracements to the short-term support
- Stock can be quite volatile and may not fit the risk appetite of some traders/investors
- After creating new all-time high, the stock retraced more than 20% to close below the short-term support
- Since then, a Lower High has been formed -> it’s quite common for LHs to be formed after a strong retracement
- Rebound will be successful if the stock can recover to 2.20 levels
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound and a better setup for entry
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SWP
- First time doing a written analysis on SWP
- Has a history of nice uptrends with retracements to the short-term support
- Stock can be quite volatile and may not fit the risk appetite of some traders/investors
- After creating new all-time high, the stock retraced more than 20% to close below the short-term support
- Since then, a Lower High has been formed -> it’s quite common for LHs to be formed after a strong retracement
- Rebound will be successful if the stock can recover to 2.20 levels
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound and a better setup for entry
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.
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.