SOL

[samoa]

SOL's 50day MA, 200day MA and closing price met spot on Yesterday. Where to now?

[jack12]

IMO were in a bull trend SOL has come of the bottom and is on the way up. Im long and my target is 315 with some resistance at 300 and 310

[samoa]

Thx

[HiSo]

I used moving averages (mainly 21 and 50) sucessfully during the second half of last year on SOL. While other stocks have been rallying SOL has been trading sideways for some time now. I started trading breaks in trendlines (and RSI) on SOL for the past 6 months and have had alot of profitable trades. It just broke through its downtrendline and retested it at around 290 which was my long trigger. Also looking for an eventual target of around 315.