SVL 5.43% 9.7¢ silver mines limited

accumulation approaching breakout point, page-3

  1. 1,364 Posts.
    Aksier,

    Spot on with respect to the breakout from the descending triangle.

    I was refering to a break of physical resistance at 10.5cents for a close.

    14.5 cents seems logical based on the height of the descending triangle and the range of the previous move.

    I suspect though that the previous moove was limited due to concerns over capital raising expectations.

    Another rally could see 14.5 knocked out fairly quickly.

    IMO
    DYOR
 
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