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$1.57 silver lake resources limited

SLR Chart, page-154

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mysuperblife

287 Posts.

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16/12/19

10:05

Post #: 41983673
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Originally posted by kyngdominion: ↑

You know what after today's trading whether a C&H in any position or IH&S - we all agree the breakout point is $1.205c - and while a retest was on the cards after yesterday's breakout - SLR has crashed back down through that point and closed almost on a daily low - which in anyone's charting book is not good and would be triggering stop losses.........the volume is just not there for a true pattern of any sort......chart below shows the peak volumes that would occur if this was a true breakout - however after SLR hit highs of $1.53 it created a H&S Top that completed at 0.915c ......That downtrend is over - SLR could fall to $1.08 and still be in an uptrend see chart below....it just does not want to race back up to $1.50 so soon but i believe it will over time..... If it falls below $1.08 i would be looking for a reason but right now - it is still trending up and has only just fallen below the 18EMA but no cross of the 9EMA yet - so really I wouldn't be worried at this point of time...AIMO -

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You could be right and I saw that but I was waiting for a confirmation of a reversal from the IHS, without which the IHS is still in tact in my opinion. Can you show the chart of the H&S formed for the SLR that you mentioned?

SLR Price at posting: $1.14 Sentiment: Buy Disclosure: Held
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0 Great analysis

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