About time. First solid signs today of the reversal of recent...

About time.
First solid signs today of the reversal of recent underperformance in SLR that I was looking for (post from 2nd Nov “looking for recent underperformance to reverse.
Hopefully my timing is not too far out.”).
Hopefully this is just the start.
RRL which has been outperforming for a while is down 2.3% but SLR is up 4.2%.

When I bought on the 2nd at 3.42 I said I was hoping my timing wasn't too far out.
It did drop a little further but charts still positive so I doubled up Wed and Thursday in the low to mid 3.30's.
Happy about that right now.
As long as the chart remains positive, I’m hoping to stay in for at least a retest of the 3.90’s.
If there’s not too much resistance there or if gold prices break through 1800 then I will hold on looking for new highs.
That looks achievable on the next attempt.
There’s only so many times a level can be repeatedly tested before it breaks whether its support or resistance.
This will be the 5th attempt at the 3.80-3.90 zone.
If it breaks through after that many attempts the upside move after the break out should be large. My $5 fundamental near term target might be about right on the chart as well (I would guess maybe 2-6months after a breakout).
Lets see how we go getting to the high 3’s again first.