SWHC Long Swing

The convergence in ROC (a sign of accumulation on the low) caught my eye as SWHC was near it's 50% retracement off the 2011 low.  I love bounces off the 38.2% and 50% fib as they quite often translate into a reversal to challenge (and at times exceed) the prior highs.  Today's volume convinced me to get long this channel break.  Only 1/3 size but I will back up the truck on any test of lower support in the weeks to come with a 10% stop.  This name is deeply oversold (monthly and weekly) which translates into a multi-month long swing.  Two gaps above to be filled.  Take partials and let the balance run.

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