ElSwedy Electric (SWDY) should target 38 then 50 and 55
Updated
Daily chart, the stock is trading in a rising widening wedge, and has a tendency to cross the long term Resistance line (RL) at around 32.7, then the target will be 38.
Above the resistance line R1, the target will be 50 - (then 55 on the weekly time-frame)
Above the resistance line R1, the target will be 50 - (then 55 on the weekly time-frame)
Trade active
Related publications
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.