SSW - Upward momentum within a downward channel

٦ يوليو ٢٠٢١

SSW is showing some signs that it might be moving upwards for a bit. This is based on the EMA's crossing and the position of the stochastic and the MACD. It is, however trading in a downward parallel channel, so it might bounce off of the top of the channel and come down again. Bear this in mind when setting targets for this trade.