SWK 0.00% 30.0¢ swick mining services ltd

I've had a look at the chart for SWK. On my reading, it is...

  1. 205 Posts.
    I've had a look at the chart for SWK. On my reading, it is forming a well-shaped base, that could almost be called a Head and Shoulders base. In doing that it has broken the most recent downtrend from the April high of 39c.

    There is significant resistance at 30c, and I would expect some consolidation is needed below that level before it can mount a breakout move.

    The OBV is looking constructive, the recent upmove being supported by an upward move in OBV.

    Overall, I think we can expect further upmoves from SWK in coming months. But I could be wrong. DYOR
 
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