Hi
@Mr.Gold, it's been while since I've tagged you so hope all is well and trust your TA and charting has been keeping you in the good fortune.
I'd love your perspective on the SWM chart as we've kind of entered uncharted territory of late setting new highs and as SWM heads into territory not seen since 2018 and today bouncing off what I see as good future support being 71c - 68.5 being old resistance. I also note $1.03 appeared as resistance/support dating back to 2012, but not sure if still relevant?
There's lots of big money entering at the moment with the Half Yearly Report due on Tuesday 15th, and I think the SP is primed to move higher before towards 85-90c or higher depending on results and if there's a sell off in the interim 71c will provide value. Potentially close to ASX 300 inclusion too.
Weekly chart below with Fib set from 2018 high to 2020 low and price appears to have danced around these levels, but I'm still learning this game.
Would happily welcome any other chartists opinions like
@W3hunter@13th@Akdjnr@Kangagirl and happy to see others join in for what is hopefully a fruitful 12months.
Thanks in advance, cheers Masenko.
(20min delay)