UP SHE GOES - SEVEN WEST MEDIAWe've been waiting for it to break out of it's accumulation phase. Next stop looks to be 60c and above if it doesn't bounce off resistance at 59c.
SWM trade ideas
SWM - Strong Bullish TrendSWM seems to be on a strong mid-term bullish trend.
Currently completing a small retracement pulling back to the 38% line.
Dipping in RSI after reaching oversold territory as it has done in the past.
OBV still on the rise.
200 MA starting to follow suit.
Ideal entry between 0.340-0.360 depending on your risk tolerance.
ASX.SWM needs to sell off moreLast 2 days sell off was not enough for it come to buy in point. RSI still high 63, stoch 78.
Next week, there will be false buy test.
Best buy price is 0.090 or RSI below 40 or 30.
I will wait
SWM.ASX Test coming up @ 0.1102/06/2020
Big test @ 0.11
If she breaks, she could go higher. RSI, MACD looking good too
