SLR daily and weekly chart - the recent upthrust appears to be a sign of strength as part of a break out of the multi-year accumulation base. The pullback to 90c is probably the last point of support. Given the overhand of supply from the upthrust it may take some weeks/months to work re-accumulate the supply, but once it accumulates it should be ready to be marked up.
A trading range may develop based on when the stock pulls back from this most recent rally - would expect that 90c-$1 is quite likely to hold if it is tested again. Weekly chart shows the accumulation base formed over the last decade which the most recent price action is a sign of strength (as opposed to distribution).
SLR Chart, page-11
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Last
$1.44 |
Change
0.030(2.14%) |
Mkt cap ! $1.341B | |||
| Open | High | Low | Value | Volume |
| $1.41 | $1.44 | $1.39 | $3.680M | 2.597M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 18998 | $1.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.44 | 65765 | 5 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
$1.43 |
Change
0.030 ( 1.74 %) |
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| Open | High | Low | Volume | ||
| $1.41 | $1.43 | $1.39 | 806688 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| SLR (ASX) Chart |