SWG daily chart. Since news will be out in the next couple of days, I thought it might be interesting to glean @ the charts & try & determine the probability of the next move...
note that the SAR has reversed, & the 5 + 21 day ema cross-over is only .11 cents difference from a buy signal. Also close proximity of the the +DMI to -DMI suggest a possible reversal might be in order, but no confirmation has occured yet. (ie: x-over over of the +DMI over the -DMI)
A little wisp of green on the CMF & neutral on the Slo Stoch & MACd complete the picture for the bullish side.
$7.50 appears to be holding as support (sure could change in an instant if news is bad...)
For the Bears, the picture is somewhat more straight forward IMHO, SWG trading on the daily below it's 50, 100 & 200 simple daily MA's. Slo Stoch (K39) should rise above 50 with a concomitant rise of the OBV.
At any rate I'm on the bullish side hence the "Long" trade earlier today
note that the SAR has reversed, & the 5 + 21 day ema cross-over is only .11 cents difference from a buy signal. Also close proximity of the the +DMI to -DMI suggest a possible reversal might be in order, but no confirmation has occured yet. (ie: x-over over of the +DMI over the -DMI)
A little wisp of green on the CMF & neutral on the Slo Stoch & MACd complete the picture for the bullish side.
$7.50 appears to be holding as support (sure could change in an instant if news is bad...)
For the Bears, the picture is somewhat more straight forward IMHO, SWG trading on the daily below it's 50, 100 & 200 simple daily MA's. Slo Stoch (K39) should rise above 50 with a concomitant rise of the OBV.
At any rate I'm on the bullish side hence the "Long" trade earlier today
...You don't understand! I coulda had class. I coulda been a contender. I coulda been somebody, instead of a bum, which is what I am.. Marlon Brando 'On the Waterfront'.
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