Bullish view

Following the collapse since Jun 2017 SW has made a significant bullish movement since mid of this year. An Golden Cross in Apr 2020 preceded by an inverse head-and-shoulder pattern in Mar 2020 has introduced a trend change. Today's gap up and a strong bullish candle strengthen our bullish view. Our short term price target is at 20.5 and we will see the price action on this level before we could decide holding to key resistance at 29.3. Significant price movement below 13 would change our view.

Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.