From what I read on another thread in SLR, there is a link to a chartist company that referred to 1262 as a key support level, (1300) resistance level, that will set the next trend.
Not being a chartist; I am unaware of the validity of the statements made, however would be sceptical of a sudden turn around without either physical demand in China picking up or India reducing the import restrictions.
I would tread wearily with this stock. Its a pure 1 mine producer, with a history of bad moves.
I wouldn't look to enter until I see a retest of the 32.2 low.
On the upside though Vladimir Putin may save the POG day by being an idiot and invading the Ukraine.
Who knows.
SLR Price at posting:
40.2¢ Sentiment: None Disclosure: Not Held
