I bought 300 shares of SOLF at an average price of $21.48.
Setup: Breakout Pullback. The stock has pulled back to the 20 day moving average after a strong breakout. Stochastics recently reached oversold levels and has turned up. The volume pattern is consistent with the breakout-pullback setup, with volume contracting post breakout. Moving average traders will also note that the 50 day has crossed above the 200 day moving average.
Risk: My intial target is the recent high in the $26-28 range. I would likely take partial profits, move my stop up to my buy price, and hold the rest into new highs. My stop is just under support.
Concerns: The overall market stinks right now.