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SORL Long Idea on pullback from ER

Oleh rogerthat191
NASDAQ:SORL reported strong ER numbers around mid-May. Stock gapped up and since then has pulled back to $4.60 area. Backtesting shows similar behavior each time the co reported strong ER beat in the past. See May 2017 and then Nov 2017 chart areas. Based on similar pattern, target 1 is $6.20 area which is also now multi-month resistance. If that breaks, next target will be recent highs under $7. Very solid r/r at current levels.
FibonacciSORLswingtrade
rogerthat191
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