Cheers mate. Incidentally, the 21 EMA has just got under the 4 hour also. Looking good. There is market structure for it to go hard, even today. The "ceiling" above it has theoretical room for much much more.
RE: Snippets from Proactive presentation26 Jun 2020 12:39
Sol G is currently forming a head & shoulder reversal pattern on the daily chart. We have had it consolidating along with tight levels. This is usually an indication of a drop. I think it will struggle to get over 23.22. I see it heading back to around 16p before it finds support and then starts to trend back up. I would not go long on this stock yet. It may retrace to the bottom of its medium channel.
RE: Should I stay or should I go...(Sandeep Biswas that is...)26 Jun 2020 12:37
Sol G is currently forming a head & shoulder reversal pattern on the daily chart. We have had it consolidating along with tight levels. This is usually an indication of a drop. I think it will struggle to get over 23.22. I see it heading back to around 16p before it finds support and then starts to trend back up. I would not go long on this stock yet. It may retrace to the bottom of its medium channel.
Cheers brother. I like to help. Price is attempting to break out of a triangle or "wedge" on the 4 hour. We have around 40 mins left on the current 4-hour candle. If it closes over 6.335 in the next 40 mins then it broke the triangle.
Price is attempting to break out of a triangle or "wedge" on the 4 hour. We have around 40 mins left on the current 4-hour candle. If it closes over 6.335 in the next 40 mins then its broke the triangle.
There is a magic level it needs to close over on the daily chart. Once it closes at this level expect fireworks. The magic number is 6.980. Price needs to close over this level. Watch :)