SWM 49 weekly chart is looking like a good setup to move higher....

SWM 49 weekly chart is looking like a good setup to move higher. At present it is testing the red 200sma for support, Recently it has pushed up to test the upper trend channel and has pulled back respecting the support at the lower trend line. This week it really needs to push above the 200sma and the above the black 8 exponential moving average. When price breaks above this wedge formation the next weekly chart price target is around 350 cents,
The SWM 49 daily chart is also setting up for a good move higher. Yesterday price bounced off the demand level and lower trendline to close above all the major moving averages including the 200sma, the blue 50sma the purple 34 ema and the black 8ema. All these moving averages coiling below price usually push price higher and whenever the 8ema pushes above the 50sma then price can be expected to increase significantly.
The next daily chart price target is around 103 cents