Swedish Match needs a breather
Diupdate
I expect 
SWMA to retrace quite a bit, it looks exhausted.
The steep rise from dec lows in correlation to world indices was coupled with low volume, looking for support at green zone.
SWMA to retrace quite a bit, it looks exhausted. The steep rise from dec lows in correlation to world indices was coupled with low volume, looking for support at green zone.
Catatan
Looking at last weeks move above 470 as a stop run, observing closely next week.Catatan
Retracing as expected but over a longer period of time than expected, time and markets will tell if it reaches the A point support and eventually long term C point.
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