Long position with a timeframe of 3-6 months. Stop-loss at -20%, and sell-out at 50%. *If the instrument doesn't break to much under last resistance. Would consider buing only if the price bounces upwards.
Consolidating 12-14, likely to test 12 first and if positive i think 20 is target mid August, if breaking 12, hard bottom is 6. Not very liekly without macro market crashing down, or is cash needed in capital raise.
Happy trading
Zwipe released a PM that the market seem to have liked, resulting in an impulse above 11 SEK. The stock is now consolidating again around 10,6-11 SEK and looking pretty strong. Hopefully this means we'll see another ATH soon.
Zwipe has been consolidating above 9,7 for some time now. It broke the lower trend line from my previous TA, but more importantly: it is staying in the support zone gathering strength for an impulse that seems bound to happen unless momentum loss forces the stock down to 8,8 levels. If an impuls does happen, we should see a test of the 11,8 resistance and...
The history of Zwipe in the recent months is basically a cycle of impulse, consolidation and then impulse again. We're now nearing the trend line while also respecting the new support level from the last impulse. If you look at RSI, we're nearing or pretty much exactly at the same levels as when the previous impulses occurred.
I expect the coming week to be very...
