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SOLG solomon gold
looking at this again.
Something about this 25/26p level which is significant here, and buyers are coming in for the stock....
I think that may well mean this could be the lows for this stock at around 25p area....
So i'm looking for a rsi breakout for a possible sign of upturn....
Cautious buyers may want to wait for a close above 32p 200 day ema line, or a 1,2,3 low at 37p....
stops below 25p...
This is in a falling trend channel, and could well bounce around it, and the rallies could be quite substantial as we have seen.
It did have a positive rsi divergence, but that cannot be used in isolation, and that left a rally as a possibility......but the overall chart is bearish.....
The overall trend imvho is bearish, and a close up here shows this failed to close above the key 200 day ema line despite the strong rally, and both of the candles look like exhaustion candles....
