AOBC (formally SWHC) Short Term Bullish Pattern
AOBC (formally SWHC -1.17% ) has been in a bearish landslide since peaking on August 11, 2016 at $29.84 and is currently $21.08 per share. On 12/08/16 there was higher than normal volume which lead to a bullish engulfing pattern which may be a turning of the tides in favor of more bullish sediment. Previous support was around 20.5x and the last bull run peaked at $22.21 on 12/21. The current retrace from 12/21-12/30 seems to be on lighter volume , despite the normal holiday volume. The new support seems to be around 21.0x and I would no be surprised to see AOBC increase in the next fortnight to fill the $22.40 through $23.08 gap. However, if AOBC breaks the 21.0x support with strong volume , then I suspect it will fall to 20.5x.
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.