Share to Sell- Seven West Media (SWM)

Seven West MediaThe bias for Seven West Media (SWM) is firmly bearish.

As we have highlighted on the chart below, SWM has been in a downtrend for some time now, falling from around $2.60 in September to presently be trading around $1.90.

The shorter-term EMAs are crossed lower and the price action is below the longer-term EMA filter, which is negative.

It is also of note that since February, volumes have been increasing, rather than decreasing, which is symbolic of increasing downward momentum in the stock (often when a downtrend is weakening, we see lower volumes).

Seven West Media