Made this trade a week ago +/- Remember to do your own analysis and trade within your own rules for entry and exit
SOLT has created the impulse waves and looks like the correction right now. If so, then we can expect a strong rise.
We are in wavw 3 know and breaking out of a wedge formation allrund 26,80. Gav 26,78kr. Stoploss 25kr. Target 29,78kr.
Just for fun (:
It could go all the way down to the bottom of the channel to 17.9 SEK in the next weeks but if the bottom of the channel holds it would be a good buying spot if it rises to around 19-20 SEK in my opinion.
Breaking out China business, margins getting lower. Might still go down... 12 target.
