SLR daily and weekly chart - the recent upthrust appears to be a sign of strength as part of a break out of the multi-year accumulation base. The pullback to 90c is probably the last point of support. Given the overhand of supply from the upthrust it may take some weeks/months to work re-accumulate the supply, but once it accumulates it should be ready to be marked up.
A trading range may develop based on when the stock pulls back from this most recent rally - would expect that 90c-$1 is quite likely to hold if it is tested again. Weekly chart shows the accumulation base formed over the last decade which the most recent price action is a sign of strength (as opposed to distribution).
SLR Price at posting:
$1.07 Sentiment: Buy Disclosure: Not Held
