SWK 0.00% 30.0¢ swick mining services ltd

like what i see, keen for input, page-3

  1. 3,690 Posts.
    zxcv1234 asked if I could do some charts on SWK like I did on Bol.

    Firstly I look at how well the company is correlated with its sector. A company that is perfectly correlated with its sector will move up and down almost as if management wasn't there. You can see that more clearly in the ironers as they almost move in perfect harmony.





    With a correlation of 0.63 SWK is reasonably correlated.




    I then use that data to make up sector maps.



    Use the below to understand them.



    Zooming in you can see the sector in a slight uptrend during the last few days.





    This sector has been the best performing non-resource sector over the last 10 days.





    Now getting back to SWK we know the sector is at the present moment performing well but SWK has not responded yet. Because it hasn't responded and because it normally moves with TTN which has been moving upward it may be on the cards that SWK will move upwards also. It is just being delayed at the moment. Just remember the market is very fickle at the moment and anything could happen.

 
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Currently unlisted public company.

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