notprofessorgreen

Potential long set up on $SWIR

Long
NASDAQ:SWIR   None
SWIR had a massive run recently and has had a healthy 20% correction to the 50 fib with an U/D ratio of just under 2, which is a good indication that institutions are accumulating this stock. Price is currently under the 78.6 fib and volume is drying up whilst price holds relatively steady; a trade targeting $25 and a stop at yesterday's low (also the open and near the 50 fib) gives 11% profits and a nice R/R

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.