SOLF...here we go again 33.15 close. Once again, nice call on this one Joab. Textbook technical break. Dont see that too often. Whether or not they work who cares....they sure are pretty on the chart lol.
There are interesting news about SOLF. http://stockshoot.com/component/option,com_alphacontent/section,0/cat,0/task,view/id,5693/Itemid,31/ This stock may also suitable for a long-term buy and not only for short-term play.
This looks like a good nibble area. As bad as this chart looks right now it has not broken its primary trend. I would be a buyer of this stock all the way down to 16.50. If it gets to 15.00 look out below, but I like the risk reward.
I put a partial buy order in at 21.00. I'll buy 500 at 21. 500 at 19, and the final 500 at 17 if it makes it that low.
Because it may never make it to that level. It's already come down a very long way , and there are no guarantees it will make it to 16.50. 21 will start a new column on the chart, so if it reaches there a partial fill is ok with me. I'm not looking for absolute bottom, and I don't want to miss the move.