SLR 0.00% $1.57 silver lake resources limited

So is it time to sell SLR, page-11

  1. 9,779 Posts.
    lightbulb Created with Sketch. 4220
    clear double top on the chart
    I warned you all to SELL above 33c, correct twice
    I told you all it was a buy at 13c-16c low range, correct

    GP cant break 1250, 3 attempts failed

    Now SLR has moved sharply lower from 36c to 33c, 34c was the interim lows of mid April
    but 30c was the interim lows of 1 April
    the daily looks like large net sellers exiting at the top range, straight down every 30 minutes, slow death slow selloff exit strategy perhaps by some large holders or STs

    Remember 28c-33c has been the triple top for the last 2 years
    If it cant hold 33c then should go back to 28c-30c to retest support at this prior top point

    I would not buy until a clear trend appears one way or another
    At this top range I wouldnt be buying but selling.
    When the Instos decide together to short it, it will be ugly.

    33c
    30c
    28c
    must watch points for SLR,
    Last edited by tomboy: 24/04/16
 
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