weekend charting 5 dec thanks fpmarkets, page-57

SLR daily chart:

Price has been going in a nice ascending chanell that broke to the upside in what looks like a blow off top marked with the asterix. Then today came the break of the bottom of the channel. I would think price will retrace to around the 50% Fib level being $1.05 before continuing the uptrend. She got absolutely hammered today with a big gap down and high volume selling and could be a bounce tomorrow as I think she's a little overdone.

[URL=http://img5.imageshack.us/i/slrchart.png/][/URL]