Zwipe has been consolidating above 9,7 for some time now. It broke the lower trend line from my previous TA, but more importantly: it is staying in the support zone gathering strength for an impulse that seems bound to happen unless momentum loss forces the stock down to 8,8 levels. If an impuls does happen, we should see a test of the 11,8 resistance and hopefully break through it.
Commento:
That aged badly. The stock fell through 9,5 which most likely caused some stoploss to be triggered. It will now have to fight to return into the support zone mentioned earlier. I have no doubt it will succeed given time as the buyers stepped up immediately when the stock fell.
Commento:
Zwipe showing amazing strength towards the end of the day. Looks like it's going to end in the red zone and possible above the previously broken trend line. This should make for an interesting last two days of the week!