Better Call SOL
Updated
The case for an incoming quick Sol rebound:
- Stochastic RSI is Oversold on the Daily Chart
- Horizontal support from a historic low/support zone from June 2021.
Additional:
Current low is 15.50 , maybe room for this to go down to 13.00 level, then I'm guessing an equally large move upwards as a rebound (+30%)?
Purely speculation, it's dangerous to try and catch knives when they are this sharp!
- Stochastic RSI is Oversold on the Daily Chart
- Horizontal support from a historic low/support zone from June 2021.
Additional:
Current low is 15.50 , maybe room for this to go down to 13.00 level, then I'm guessing an equally large move upwards as a rebound (+30%)?
Purely speculation, it's dangerous to try and catch knives when they are this sharp!
Note
so I've been in and out of this... dropped to £14 and peaked at £19.46 , I guessed a potential +30% rebound and it was +38% ... all within a couple hours. I'm taking that as a luke warm win since I was early to the party and late to leave. Entry £15.66 and Exit £17.80 (so +13%)Note
really interesting to come back to this one, dropped way more than I thought but it did follow mostly along that bottom blue descending line if I had continued it.On the way back up the target area was spot on and nice to see it react to the horizontal blue line too. I find it really fascinating when these lines from the past seem to have such an obvious affect on the future.
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