Swipe (SXP) vs USD - to $0.60 centsAt 60 cents price action is still 240% up from March lows! Consider that before dismissing the idea - we're in the midst of a crazy bubble that's just starting to burst. RSI resistance is confirmed on no less than 3 occasions, it is unlikely to be broken until mid-September.
The above 8hr chart head & shoulders breakout is confirmed by today's price action. The breakout extension suggests a target of 60 cents, which would take price action to the 3-day support level on the chart below. Furthermore the weekly chart Stochastic RSI just crossed down 80 with last week's close. Never ignore weekly cross downs, they're 99% of the time bearish.
Tip for the day - Emotion is a money killer!
3-day chart
weekly chart - Stochastic RSI crosses down 80 - very bearish! (orange circle)