SLX 1.58% $5.15 silex systems limited

nice consolidation on a healthy chart

  1. 850 Posts.
    G'day,

    I am pleased with the consolidation process in action on SLX at the moment.

    It is building solid support for the next go at $1.27.

    Yesterday's fall was on low volume.

    I am comfortable holding at the moment as I have spent a bit of time lately watching its trading.There is a large buyer(s) lurking around who a couple of times over the past week have taken big chuncks of stock, ie 1-200,000 at a time.

    Orders are kept off screen.

    Selling on the other hand is only small fry.

    From what I can tell, they will probably show their hand again in the next few days.

    In this environment therefore I am quite relaxed.


 
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