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Swift Networks Group Limited

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SW1 trade ideas

SW1 Further TASW1: Further drill down of Wave 2 (corrective wave) has positively identified a double zigzag (5-3-5) with an intermediate A-B-C wave. Not only has it reached the 76% retracement we are seeing positive divergence from both Stochastics and RSI. I believe wave 2 corrective has now completed, and wave 3 has started. Wave 3 usually the largest wave of a typical 5 wave structure, measuring between 1.61x and 2.61x of the length of wave 1, which in this instance is 44c. By adding that to the recent low of 26c, the chart measure to a wave 3 target of between 96.8c and $1.41.
ASX:SW1Long
by hazzar99
SW1 extended corrective ABC wave completeSW1 has spent a full year correcting a 5 wave upward move (larger wave 1) from 14c to 60c with a typical A-B-C Corrective pattern subdivided into a basic 5-3-5 move. Furthermore, the corrective larger wave 2 has retraced 76% of larger wave 1. We are now poised to start larger wave 3. Wave 3 typically is the largest move in a normal 5 wave sequence and usually either moves 161% or 262% of the length of wave 1. In this instance wave 3 target should hit a target of between $1.00 and $1.46 a share. Time to buy up big!
ASX:SW1Long
by hazzar99
SW1 corrective ABC wave 2 completeSW1 has spent a full year correcting a 5 wave upward move (larger wave 1) from 14c to 60c with a typical A-B-C Corrective pattern subdivided into a basic 5-3-5 move. Furthermore, the corrective larger wave 2 has retraced 76% of larger wave 1. We are now poised to start larger wave 3. Wave 3 typically is the largest move in a normal 5 wave sequence and usually either moves 161% or 262% of the length of wave 1. In this instance wave 3 target should hit a target of between $1.00 and $1.46 a share. Time to buy up big!
ASX:SW1
by hazzar99