No wucking furries.
My trading chart shows SLR pulled up at resistance.
I expect it to hold here till there is a decisive move in POG.
A 15% reversal is not a problem and quite possible before taking out resistance.
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The short term chart speaks volumes.
From the yellow 3 there is a beginning rising diagonal then a blue higher high.
It hit resistance, pulled back then created a double top.
The double top did little more than push price back to trend for another confirmation of strength of the rising trend.
A short term buy signal at $1.54 then bounce from support to resistance on the chart above.
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This is not advice but there is potential for a pull back and the price range I would be looking at for an entry is between $1.57 and $1.62.
These are support levels and confirm the continuing rising trend Would also allow the stock to have some momentum when trying to break out on the chart above.
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SLR Chart, page-820
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