Macd crossed on friday and MA's just crossed also.
With the recent spike closing high of 1.93 the retrace was expected with some profit taking thrown in.
Retrace to 1.88 will hopefully form a low and SLR will push up from that point to close inbetween the recent high of 1.93.
A push then thru 1.93 could soon be on the cards.
To break the closing high of 1.99 could well and truly be on the cards, and as there are no resistance points above this level, SLR could move very quickly from that point on.
One level at a time though.....
Cheers
SLR Price at posting:
$1.91 Sentiment: None Disclosure: Not Held