17/04/2012

The SWED now

SWED is very close to make a move up to 1.080 area to close a gap. I think the low in the current daily downtrend has been seen at 1.014.53. If SWED can close today above 1.040 the 8 day MA will turn up. Important R point is 1.053.68. A move up to the gap will probably only be a rally and not a trend change. The falling 8 week MA at 1.074 will not allow trading very long at the gap area.

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