This is one example on how SWAG trading system works on NASDAQ and one particular issue we picked for this subject is Zhone Technologies.
First, a brief description of what Zhone Technologies is.
Zhone Technologies, Inc. (NASDAQ: ZHNE) is a global leader in fiber access transformation for service provider and enterprise networks, serving more than 750 of the world’s most innovative network operators. The IP Zhone is the only solution that enables service providers to build the network of the future today, supporting end-to-end Voice, Data, Entertainment, Social Media, Business, Mobile Backhaul and Mobility service. Zhone is committed to building the fastest and highest quality All IP Multi-Service solution for its customers. Zhone is headquartered in California and its products are manufactured in the USA in a facility that is emission, waste-water and CFC free. If you’re familiar with Soul Of The Market’s Live Stream sessions that is driven by technologies created by Zhone Technologies
If you missed the last rally that started from the SWAG cross of 29 March and lasted until 12 April . Here’s you next chance. Take a look at the chart below with the SWAG’s EMA(13) above SMA(20) with Money Flow Index pointing towards 20% oversold, what does it tell you? It means there’s pretty much an opportunity to buy back once the price weakens further as simple as that then watch the price goes up again before any news and before the next exit signal.
RECOMMENDATION: BUY ON WEAKNESS, ACCUMULATE
HOLDING PERIOD: T+90