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Let's take an updated look at one of the most volatile mining stocks, SWC.
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This is a Daily chart. A while back I speculated that SWC could be forming an inverted Head and Shoulders pattern. That still looks like a possibility, to me.
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On of the instructive things to observe is that when price makes a very sharp dramatic move - as today - the TSI does not. Knowing that can be helpful.
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Click on the chart to ENLARGE
This is SWC on the hourly chart. The divergence is in place and I continue to expect this stock to reverse direction.
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These large gap days are, of course, very emotionally charged and panic and fear can get in the way of thinking clearly. At least, it can for me. But logically, this stock should reverse direction. Time will tell, right?
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Click on the chart to ENLARGE
Nov. 23 Weekend report
17 hours ago
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