I posted a video a couple of weeks ago after the production update. My first target from the double bottom was about 55 so I have sold some of my position. I was overweight in my portfolio so needed to scale back.
I’m not a big fan of moving averages as a charting tool especially for gold mining companies with lumpy quarterly production performance. I expect another good quarter in June but after that not really sure. A$ gold price is looking very strong here which is another good tailwind.
SLR Price at posting:
53.5¢ Sentiment: Buy Disclosure: Held