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$1.57 silver lake resources limited

If you beluev in gold then this is a no Brainer !!! Hedged in...

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blacks

5,118 Posts.

85

08/05/17

21:15

Post #: 24554214
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Originally posted by CEBonomics ↑

Hi Samb61 sorry for the late reply.

on the daily chart - price dropped below the down trend channel. stochastic (and purple line i drew) was looking good to break our to the upside soon. so the share price drop below the channel could be a bear trap. looking today price is back up in the channel and the stochastic almost breaking out. and MACD turning around also. short term could go back to the rising purple trend line.

on the weekly chart - support at the purple horizontal line i drew. but there is a gap further down so i thought the gap would at least close. but looking at the weekly chart now and the horizontal line has held for now. could still go either way still short term. need to wait on the stoch and MACD for a little while.

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If you beluev in gold then this is a no Brainer !!! Hedged in massive profits and upside to dollar fall over next couple years ahouflmake this a cash cow ... dips are gifts for me !!! Such a quiet thread

SLR Price at posting: 47.5¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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