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Solaria's bullish guideline seems drawn with tiralíneas


Solaria has started 2020 strongly and eager to continue climbing positions after almost two years moving laterally or what is the same consolidating levels.

Technical analysis

Short term

Medium term

Long term

The truth is that there is not much to tell about the weekly chart that we have in front of Solaria. In fact, the really important thing is not so much if you are starting to 'poke your head' above the resistance, before support, of 8.20 euros. In my opinion, what should be noted is that, in addition to presenting a impeccable bullish guideline that unites each and every one of the growing minimums since mid-2016, the title has confirmed the rise of the wide lateral by which the price was shifting in the last two years. Lateral (reaction phase) that drains / adjusts the very strong previous rises. Therefore, and with its intermediate corrections, the truth is that everything suggests that it ends in the coming months towards the next resistance: 12.50 euros. It goes without saying that any potential correction that will lead in the future towards the guideline should be interpreted as a new opportunity to get on the shopping train.

Solaria weekly chart since mid 2007

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