SWP @ 12 OCT 2021Text 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
