Showing posts with label SWC. Show all posts
Showing posts with label SWC. Show all posts

Wednesday, May 5, 2010

Stillwater Mining (SWC) Chart Analysis


SWC is considered the best palladium play, above is its 2 year weekly chart (click to enlarge).

I spot two ascending triangles.  The first one was broken in late 2009, the second one was broken in March.  Drop on May 5th is clearly a return to breakout, as stock managed to close right at breakout level of $14.5.  Expect upward movement to $20 level in near term.