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9.4¢ silver mines limited

I agree the key is to break out of the 25.5 ceiling set from...

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AlbertE

4,563 Posts.

693

27/01/23

18:02

Post #: 65915281
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Originally posted by GmundStables: ↑

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.

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I agree the key is to break out of the 25.5 ceiling set from April last year.

Once that happens I think we could easily get to mid30s. If we get mining approval as well confirmed. So that would be FA and TA lining up well. And if silver can get above $30/oz no reason we could crack 40c at some stage. And that would still value us under. $470M.

SVL Price at posting: 22.5¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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(20min delay)
Last 9.4¢		Change 0.000(0.00%)		Mkt cap ! $141.7M

Open	High	Low	Value	Volume
9.5¢	9.6¢	9.4¢	$10.92K	114.5K

Buyers (Bids)

No.	Vol.	Price($)
6	378483	9.4¢

Sellers (Offers)

Price($)	Vol.	No.
9.6¢	92157	6

View Market Depth

No.	Vol.	Price($)
4	276739	0.094
7	139265	0.093
2	110400	0.092
9	363507	0.091
20	1054716	0.090

Price($)	Vol.	No.
0.096	92157	6
0.097	100000	1
0.098	145614	4
0.099	461901	7
0.100	1261686	6

Last trade - 10.17am 05/09/2024 (20 minute delay)

SVL (ASX) Chart