SVL has once again popped up on my radar.
Technicals
Desceding Triangle from 20/5/2010 high of 14.5 through 02/06/2010 high of 11.0 was broken on 10/06/2010.
Descending Triangle from 02/06/2010 high of 11.0 through 10/06/2010 high of 10.0 appears to be breaking today.
Excellent support at between 8.8cents and 9.0cents appears to be creating a higher low from 9/06/2010 low of 8.5cents.
3rd attempt at closin the GAP to 7 cents appears to have failed.
Looking for 10.5 to confirm new short term uptrend for next stage break at 11 cents.
Medium term resumption of uptrend to re-test 14.5cent high set on 20/05/2010 and then a range of 16.5-17.0 should the story continue to unfold.
Current enterprise value at approximately 5% of insitu JORC resource which is due for an upgrade shortly as part of an ongoing expansion of know resources on the property.
Silver price remains strong.
Coud be a very good trade in this one in the next few days.
IMO
DYOR
SVL has once again popped up on my radar.TechnicalsDesceding...
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Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $256.3M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.5¢ | 16.5¢ | $598.7K | 3.513M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 722567 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 886260 | 9 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| SVL (ASX) Chart |