SLR 0.00% $1.57 silver lake resources limited

SLR Chart, page-820

  1. 1,642 Posts.
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    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.
    .
    https://hotcopper.com.au/data/attachments/3114/3114355-995ec40a8881c54362735524c794b4bb.jpg
    .
    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.
    .
    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.
    .
    https://hotcopper.com.au/data/attachments/3114/3114371-9ba6f7481664f5d2c72eba03465c4d36.jpg


 
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