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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.