SVL 2.00% 9.8¢ silver mines limited

G'Day DF, thanks for the upload and your TA chart. Always...

  1. 769 Posts.
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    G'Day DF, thanks for the upload and your TA chart. Always interesting to see and read others TA. Cheers.
    Thought I'd share my thoughts......
    Agree weak resistance at 22, but of interest is around 255. This would complete the 'cup' evident in your chart.
    Before then, as you can see on my Chart, we are trading outside the BB's and I expect a small pullback to 21 (weak gap up here, but also 20sma), then onwards to 255. Then another pull back, to 23ish, then run hard upwards all around Mar-ish (handle?). AIMO of course, please DYOR.
    RSI is at 70 which is not technically overbought yet, but it is historically SVL max RSI.
    Volumes have improved markedly.
    However, FA, this may go out of the window with any good Ann, and we are expecting approval in Mar! Bring it on!
    SVL will do well this year, I have no doubts, expecially with time of POS.
    https://hotcopper.com.au/data/attachments/5003/5003398-a9badbcd367177658128aaa5fd4ab9f5.jpg

 
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