Potential long set up on $SWIR

٢٣ يونيو ٢٠٢٢

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