Shortmetina

SWCH IPO

Shortmetina Uppdaterad   
NYSE:SWCH   None
Range is $22-$22.50
Break of $22.50 might signal strength
Break of $22 might be bearish
Too early to call a bear flag in my opinion (although it does look like that on the 15 min)
Looking for this IPO to take both the bears and bulls to the shed before resolving itself to the upside
Looking to pick up shares on a capitulation (if it happens)
No rush; what for? Money is on the line.
Kommentera:
$20.35 LOD (low of the day)
$20.50 should hold if theres any chance of a bull run
$22-$22.50 are areas to penetrate (stock spent the entire day mainly trading within that range).
Volume should surge if it dips below $20.50 to the upside.
Any trading activity w/ volume over $22.50 may signal dominance from the bulls.
$22.50 is the strongest level of resistance I see on this chart.

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