The Long Investor
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$SOLV - RC -
🕑 Added 2025-05-07 10:34:46 +0000 UTCPrice has been consolidating here for the last month along the 12 month support line
So there is zero rush here.
One of the big issues when a stock has just been added to an exchange is that we do not have a lot of price action to work with.
Typically after stock enters it declines in a corrective wave and then starts forming an impulse wave if fundamentals and growth are healthy.
So far we are seeing this
Wave 2 held support on the 0.618 Fib and now on the blue support line.
Price is still below the 50 and 200 Day MA and still in the triangle, so a break above $71 will be needed to confirm the trend
PT's in this case will be $80, $96 and the Wave 3 target at $122.
