Swed must close above 993 on May 31 to keep the 8 month MA moving sideways. It must also close above 1.088 the keep the 21 month MA to not turn down. SWED closed the week at 955.49. The technical picture indicates a strong possibility that the monthly close will come in below both the above numbers. If so the monthly trend will turn down and stay down for at least 8 months. Swed will then be in a new Bear Market. My target is firstly 832 and finally 615.
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