Smith & Wesson Brands Inc. (SWBI) Social Stream
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$SWBI Overall, this week's price action was as uninspiring for bulls as our current Administration on a second to second basis ... actually perhaps not as pasty nor vapid, but pretty darn close.Buss, published August 13, 2021
And now on to the technicals...key Fib retracement levels, regardless of the low that one chooses to initiate July's spike from, continue to provide major support as well as behaving as a magnet to continuously test this level. Total Volume for the entirety of this week was nothing short of paltry and in fact the lowest weekly volume in 18 months (give or take a week here or there), but low volume pullbacks succeeding major advances to ATH's tend to portend eventual tests of those very ATH's...time will most certainly tell post next earnings I surmise.
It goes without saying, but I'll go ahead and state the obvious anyway, this next week's significance for bulls to regain and sustain closes above this 24 - 24 1/4 level can NOT be overstated.
2 more charts to follow: