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$1.57 silver lake resources limited

SLR Chart, page-1437

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Rleonars

3,123 Posts.

605

20/12/23

17:05

Post #: 71553845
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Originally posted by Pointyfigures: ↑

If you don't ask, you don't get.
The short term chart looks fine. On and up, not too extended from the trend. Higher lows, higher highs.
Since SLR broke out of consolidation almost 12 months ago, been a choppy chart.
The recent buy signal (red at 1.02) is a good sign. The last 2 reds have been close to intermediate lows. The previous 3 were sells. Indication of a bull trend.
.

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On the longer term chart, in the process of breaking out. A higher high with 1.22. Also needed to begin setting a target.
A reversal from here is dangerous as a double top will form and the breakout is false. Taking over 2 months to break out.
A reversal would require a pull back to 1.00 so not expected though sentiment been behaving oddly since October.
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Cheers PF. Awesome mate. Thanks. Merry Xmas.

Last edited by Rleonars: 20/12/23

SLR Price at posting: $1.19 Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

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