Target price for SOL R63-83, so not much future value to invest here.
It is trading very close to a sellers resistance level @R65-00, and there is a buyers support level at around R56-00. These levels are getting closer to each other each day and whichever breaks....it will be a crazy move in that direction, because it has a very wide trading range.
Pure gambling at this stage....but if I had to put my money on the Bull or the Bear.......I have to go with the Bear.
But the scenario will probably play out, that the Bull will probably get the first shot. Maybe a breakout to the top, with a quick spike to R75/R78, and then the Bear will be hitting hard. The market always tries to confuse everyone, and this will be no different. It is the big traders battle, that could make or break them.
I will not partake in this battle, but I might be waiting at the R75 to R78 mark, after round one, and put some money on the Bear to win!
Good luck to everyone....this is going to be fun to watch over the next 2-4 weeks.