SWKS had some interference from rising wedges it traveled in while it recovered from the flu...
Rising narrowing wedges can be bearish if bottom trendline is broken and are caused by a lack of healthy pull backs with too much buying..
The ABC/D pattern is a corrective pattern and is a measured move down..targets are calculated using the AB leg and fib levels..
C has changed due to fall from the rising wedges and hopefully fall is completed..
Possible stop under C..
NV and OBV are high, short interest is fairly low
Not a recommendation..
Good luck and happy holidays!!
Luck is being prepared when opportunity strikes (o:
Rising narrowing wedges can be bearish if bottom trendline is broken and are caused by a lack of healthy pull backs with too much buying..
The ABC/D pattern is a corrective pattern and is a measured move down..targets are calculated using the AB leg and fib levels..
C has changed due to fall from the rising wedges and hopefully fall is completed..
Possible stop under C..
NV and OBV are high, short interest is fairly low
Not a recommendation..
Good luck and happy holidays!!
Luck is being prepared when opportunity strikes (o: