SLR 0.00% $1.57 silver lake resources limited

Is the tide turning??, page-36

  1. 10,047 Posts.
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    looks like a measured move to 30c-40c to me, see graph below

    upper bollinger bent up 45 degrees, 50dma broken at 23c, next stop 100dma at 30c then 200dma at 38c, macds and stochastics very strong, todays trading has broken the 26c resistance as well, high volume, the shorts are panicking, covering is on, the drop is done, its now a question of how high it can go before capping or profit taking, looks set on TA for 30-40c somewhere. nice 30% to 50% profit on offer.

    I am not selling right now, i think around 33c-39c might get serious resistance.

    If it cracks the 200dma then may move to 45c but i would be surprised at that. Take the easy run to 33-39c i say. low cost low debt high production high grade producer should be at a higher SP than this, market agrees right now, and GPAUS$1490 is well profitable

 
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