Safeway Inc (NYSE: SWY) operates a grocery and pharmacy chain in the U.S. and Canada. The company also has a distribution network, production facilities and the food industry. Its retail operations are located in California, Oregon, Washington, Alaska, Colorado, Arizona, Texas, the Chicago metropolitan area and Mid-Atlantic region, British Columbia, Alberta and Manitoba / Saskatchewan.
Traders looking for record in Safeway, you can use tweezers, as a good starting point for creating long positions as pattern provides a certain risk, giving a good starting point for support.
Traders are always looking for tweezers grounds because they provide a record low risk are defined, they are a leading indicator, which provides an alert for a trend reversal or stabilization. Tweezers that brings or sellers are not able to push the shares lower, thus providing an opportunity to search for failures. Below is an example of a model Tweezer Bottom Treatment:
