SVL has not closed above 10.5 in the last year. This is the long term resistance point for this stock.
Savy accumulation would appear to be happening at the moment up to this level.
A double bottom at the placement price level of 8.5cents may have been formed to confirm the break away GAP.
Bullish price movements in silver coupled with recent and anticipated results could cause SVL to breakout very shortly.
A close on volume above 10.5cents will confirm a breakout and IMO a very big BUY signal.
IMO
DYOR
accumulation approaching breakout point
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Last
14.5¢ |
Change
-0.005(3.33%) |
Mkt cap ! $218.6M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.0¢ | 14.0¢ | $868.5K | 5.943M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1746409 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 862852 | 11 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| SVL (ASX) Chart |