I think shareholders or those investigating this company should take a much longer than daily mentality to its current share price. Monthly and weekly charts on SLR show the possibility of an impending bullish high.
The recent stock high price in late June/early July is lower than the weekly high back in mid Feb, yet the corresponding stochastic highs are noticeably and considerably bullishly divergent. Monthly timeframes confirm this pattern.
What does this mean? The market will eventually pull this stock to higher highs, looking at a break of the .60c mark as a minimum and perhaps upwards to $1:00. Variables always exist, such as a US correction etc, but longer term my guess is that holders will , on the balance of probabilities IMO be looking at a price considerably higher than current levels.
Price will probably ebb and flow short term so the ride lies ahead. Patience is a virtue
SLR Price at posting:
46.5¢ Sentiment: Buy Disclosure: Held
