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!
Comment:
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%)
Comment:
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.
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.