Updated chart after trying to identify some more trends.
As mentioned previously the amount of shorts has increased post Half Yearly. Currently at 4.9M (0.31%) at 15/3/22, up from 700k (0.04%) on 1/3/22.
Lot's of games today and when you look at the current Sellers offer there's a bunch of 50K sells spread across different prices attempting to slow the price action after the bounce off today's low 0.58-0.585c. Will be interesting to see if shorts covered after hitting today's low.
The yellow lines = support & resistance. Pink = price channel
If we can close around 0.62c then we stay in the current channel which we'd need to break around 0.65c to move above for a retest 70c.
SWM Price at posting:
62.0¢ Sentiment: Hold Disclosure: Held
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