We may derive the following from the Daily SOL chart:
1. Price has shown a good recovery from the recent low.
2. But one has to take into account the fundamental climate as well as the technicals on the chart.
3. A technical flag is observed and may potentially pan out, returning us to the bottom.
4. Alternatively, demand may continue and the pattern may be rendered irrelevant.
5. This analysis is merely an observation. Always remember to manage to risk.
Note: The views provided herein do not constitute financial advice.
1. Price has shown a good recovery from the recent low.
2. But one has to take into account the fundamental climate as well as the technicals on the chart.
3. A technical flag is observed and may potentially pan out, returning us to the bottom.
4. Alternatively, demand may continue and the pattern may be rendered irrelevant.
5. This analysis is merely an observation. Always remember to manage to risk.
Note: The views provided herein do not constitute financial advice.