Here is some food for thought...CMC Markets 20 Feb 2013 12:13 PM
Silver Lake Resources ST: the downside prevails as long as 2.49 is resistance
The MACD is negative and below its signal line.
Our pivot point is at 2.49.
The downside prevails as long as 2.49 is resistance.
Alternative scenario: above 2.49, look for 2.71 and 2.84.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day MA (respectively at 2.55 and 2.92).
Supports and resistances: Resistance Level 3 2.84 Resistance Level 2 2.71 Resistance Level 1 2.49 - Pivot Point Reference Price 2.27 Support Level 1 1.88 Support Level 2 1.75 Support Level 3 1.62
SLR Price at posting:
$2.29 Sentiment: Hold Disclosure: Held
