AppSwarm Inc (SWRM)

[khmerican]

My take on SWRM - technical analysis:

Today price broke and close above pennant as expected due to good news today. Bigger news to come per AppSwarm twitter feed.

Pennant break out, see chart:
- measured target for SWRM near term is .14XX.
- resistance is .10.

Price is possibly developing an AB=CD pattern where the target of D = .14XX. See chart.

Price retrace a little below .618 from the high of .0920 made on 11/30. Drawing Fib extensions point us to .14XX. Not drawn in chart.

Near term target is .14XX. With "Bigger News" to come, a hot sector in MJ and BTC, .14 is achievable.

Intraday technicals diverging with price. Possible profit taking and healthy consolidation could take place in next day before the next leg up; unless the next news coming soon is that big. I am excited about and holding a lot of my shares. :).

Best of trading to all.

RJDG 4HRS: