Time to BUY: SW1.AX has completed its wave 2 ABC consolidation.
SW1.AX has completed its ABC consolidation. The 3rd big wave has begun from a low of 31c, and an expected target of between 1.61 and 2.61x the length of big wave one (18-60c) and which measured 42c. Therefore wave 3 target is expected to reach a minimum of 98c and a maximum of $1.42.
RSI is showing signs of bullish divergence and the share price has retraced 61.8% as part of this consolidation.
RSI is showing signs of bullish divergence and the share price has retraced 61.8% as part of this consolidation.
Penafian
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