Long
Renewed momentum suggests SOLO may resist highs above $13.
After several periods of sideways consolidation which saw the GoNoGo Oscillator move below zero, there has been a significant move back into positive territory accompanied by increased volume. (Dark blue of oscillator).
This has led to new “Go” signals and a green low risk entry signal under price on the previous bar. if this situation holds, expect price to move higher and perhaps test the November highs.
This has led to new “Go” signals and a green low risk entry signal under price on the previous bar. if this situation holds, expect price to move higher and perhaps test the November highs.
Note
Title should read *reTEST highs above $13.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.