SWM has been a dog of a share but after basically falling for most of 15 years it may be coming back from the dead. Having now risen for the 6 months prior to February it then fell back to make a pennant pattern. Price broke above the upper boundary of that pattern last week, suggesting a potential target of $0.72 - a better than 40% gain on Friday's close.

SWM 6Aug21

Contact

Robert Norman

Phone: 0428 346 951
Email: robert@sharecharting.com.au

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