SLR 0.00% $1.57 silver lake resources limited

Jamiee - I couldn't see a Wycoff pattern in SLR that I was...

  1. 306 Posts.
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    Jamiee - I couldn't see a Wycoff pattern in SLR that I was comfortable with but I bought on a resistance pattern at $1.20 after which Murphy's Law took over and price immediately fell (13 Dec). The pattern gave me a target of $1.38 which also coincided with the top boundary of a channel that has been in place for 3 months. Given the target being achieved and the resistance formed by the channel boundary I sold. If it breaks higher (or falls back to the lower channel boundary) then I might buy back in but in the meantime I'll watch any analysis you post to see if I can find that elusive Wyckoff pattern.
    PS: Elliott Wave theory (if I have the count right) suggests price will make a new high above $1.50 from the move up since October (a Wave 5 I'd say) - but how high or a timing at this time would be just a guess.
    https://hotcopper.com.au/data/attachments/1909/1909588-f0b445cc53f69233b29d7fec8a556bda.jpg

 
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