The history of Zwipe in the recent months is basically a cycle of impulse, consolidation and then impulse again. We're now nearing the trend line while also respecting the new support level from the last impulse. If you look at RSI, we're nearing or pretty much exactly at the same levels as when the previous impulses occurred.
I expect the coming week to be very interesting for Zwipe. We might see an impulse to 14 SEK, which hopefully means our next support is at least over 10 SEK. Time will tell.
I expect the coming week to be very interesting for Zwipe. We might see an impulse to 14 SEK, which hopefully means our next support is at least over 10 SEK. Time will tell.
Comment:
Clarification: The red line is the trend line. The black horizontal line is the support. The short blue line is a short term resistance that has previously occurred as well during consolidation. If we break out of this resistance the coming week, an impulse will very likely occur.