SLR 0.00% $1.57 silver lake resources limited

chart

  1. 192 Posts.
    here is my SLR chart, and I am struggling to interpret it adequately.

    Here is what I see and have marked:

    */ there is a pronounced channel marked with fat red lines starting December 2011.

    */ From second low at Mai 16 a symmetrical triangle has formed.

    */ The upper resistance of this channel has been broken a couple of days ago after closing the gap formed by the IGR takeover ann.

    */ Next upward resistance is at 3.025 being the 50% Fib-line.

    Gut feeling tells me that this is all bullish, but can't find the right pattern describing what's going on here.

    Is anyone interested in adding a few pence?

 
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