what to do if slr hits $2.70?, page-78

Wang chung, you said support at $2.70.

I would have thought that support would have to be around $2.50 which is where it is now trading
in actual fact using 12/07 and 23/07 closes of 2.55 has seen slr close and turn from that on 31/01.

A close below 2.55 could see 2.15.
To buy now (even in strong down cycle) may see a bounce from support, so good risk /reward area if using correct stop arrangement.

I had a recent stop out on the daily chart at $3.26 and a stop out on the weekly at $3.34.
Havent had entries yet but as above, 2.55 may be a rewarding entry?


Cheers