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SLR silver lake resources limited

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$1.57

SLR Chart, page-1005

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Rorschach88

3,776 Posts.

591

10/02/23

12:14

Post #: 66178201
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Originally posted by lucky 992: ↑

Might be worth a look.
Some basic stuff.
Macd Dmi Rsi and williams are bottoming out nicely.
Close yesterday indicates a reversal (note vol)
Todays (low) volume indicates a resistance to go down further. The date stamp on the target line is a time by degrees date that might be interesting to note.
This low is the third higher low after the $1.00 low back in September but on the other two higher lows the indicators were not ready.
One of the rules I use is never sell on the second bottom out from the major low but the indicators were not strong enough to buy either
Now I believe they are.
Risk reward ratio 2.87:1 calculated to the first resistance point above ie 1.34. The next would be 1.50
Are the company and economy conditions suitable for gold to rise?
Lets hope.

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More word salad and general nonsense from the worst technical analyst on the forum.
I've told you before, I think you read your charts upside down because the SP always does the exact opposite of your predictions/forecasts/tutorials.
GLTAH!

Last edited by Rorschach88: 10/02/23

SLR Price at posting: $1.15 Sentiment: Buy Disclosure: Held
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SLR Chart, page-1005

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