SLR now in an interesting position. Should I stay or should I go?
My trading chart. If SLR is going to establish a rising trend then we are now at a decision point on my trading chart. A bounce will confirm a rising trend.
Problem is - resistance is still in place and has held since April last year. The next move higher is almost certainly a breakout and target setting.
You can see how the 1.05 to 1.15 region is a likely entry point for a rising trend.
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Short term chart has a buy signal, is sitting on support and in a rising trend.
Difficult to suggest now is the time to buy as sentiment is still bearish. The cross failed. Support from here to $1.12 and beware the false breakdown.
There could be a shakeout prior to the next run higher.
As SLR is well below its' peers, I will hit buy tab based on this chart. I took a small position yesterday.
A reversal to $1.25 would be more prudent, less risky for an entry.
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SLR now in an interesting position. Should I stay or should I...
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 (20min delay)
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Last
$1.44 |
Change
0.025(1.77%) |
Mkt cap ! $1.346B | |||
| Open | High | Low | Value | Volume |
| $1.44 | $1.46 | $1.42 | $7.359M | 5.120M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 125409 | $1.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.45 | 7283 | 1 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$1.45 |
Change
0.025 ( 1.88 %) |
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| Open | High | Low | Volume | ||
| $1.43 | $1.46 | $1.42 | 905472 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| SLR (ASX) Chart |