USL unico silver limited

Ann: Change of Director's Interest Notice - Todd Williams, page-9

  1. 4,690 Posts.
    lightbulb Created with Sketch. 7324
    Morning all.
    @telamelo
    That is correct about the chart but those shares that Todd added are freebies.

    Firstly, here is the US dollar index.
    I think it is topping out here and it looks like others do as well.
    Indicators below tell me the worm is turning down.

    https://hotcopper.com.au/data/attachments/5306/5306667-d56fb86c2d90fcae769c500029a12d8f.jpg


    Now why do I think others think the same?
    Silver is turning in the opposite direction.
    That last candle is known as a Bullish Engulfing scenario.
    Indicators below doing the opposite to the chart above.

    https://hotcopper.com.au/data/attachments/5306/5306664-28435895b31b39a1489b6ae731e3a2c8.jpg


    Now for the USL chart.A closer look will show that your info is correct.
    It can be seen by the green ( 50 ma ) Crossing above the purple ( 200 ma ).
    The rest of the pattern looks lovely to me.
    That trading range is 12 months old and we have bottomed out here at the raise price.

    https://hotcopper.com.au/data/attachments/5306/5306669-b78fd16354c4416f74227bed949677af.jpg

    Here is a zoom out of the chart above.
    Now wouldn't you just love to see another HG vein hit like that Mia intersection?
    Bottoms don't get much better than this.

    https://hotcopper.com.au/data/attachments/5306/5306673-eebbea1e2da459838dcead55fed613c9.jpg



    This is playing out in our favour right now and the dxy is supporting a move up in PM's imho.
    Well reading tea leaves is always spot on but when thing line up it is very nice to see the outcome in the direction one expects.

    Now let's see if Todd can get another acquisition deal sealed in this low price environment so we can all get the benefit with the coming upleg.

    Drilling I expect around August.
    I think they will wait for the coldest time of year to pass first but it is usually quite short.

    Kind regards, Wack.
 
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