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Smith & Wesson Brands, Inc.
Long
Updated

SWBI hitting two support levels

86
After a big move out of the long-term triple top, we pulled back to the 50ma and the .618 fib retracement. This is also in line with the market after today seeming like the bottom to the market correction that occurred last week. This may also have red to green/ green to red tendencies given how one sided the swings were and today was a green day. Looking for a move back to 30.
Note
Looks great long term too. Will hold half of my position longer term.
snapshot
I4
FibonacciMoving AveragesSupport and Resistance

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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.
FibonacciMoving AveragesSupport and Resistance
I4

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.