ElSwedy Electric (SWDY) should target 38 then 50 and 55
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 attivo
