$SLDP - Mini descending wedge breakout watch
Solid power showed strong bounce from .618 fib extension area. The MACD bullish cross is about to happen and looks like it might break out of the descending wedge.
If the price break above $9 it could reach to $11.
Target 1 - $9.50
Target 2 - $11
Risk - rejection from $9 and retrace back to $7
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
If the price break above $9 it could reach to $11.
Target 1 - $9.50
Target 2 - $11
Risk - rejection from $9 and retrace back to $7
———————————————————
How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
Disclaimer
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