G'day,SLX closed yesterday at its day highs after seeing if it...

G'day,

SLX closed yesterday at its day highs after seeing if it could hold 1.40. It is now poised to break through 1.52 and from there the top could be anywhere up to $3.

I have a short term target of about $2.20, although that could be conservative.

As mentioned by Oavde on another forum, when SLX was sold down on June 21last year in a big colapse, it went as low as 1.40 and closed at 1.52. Those numbers have played a significant role the last few days. That sell down by the way was from over $3.

Beyond the scope of my discussion here a re the nmany fundamental reasons why it is now being realised that this sell down was not warranted.

There are a number of announcements pending I am lead to believe.


I just noticed a bid for 100,000 go in at 1.41. That order is 30% of the total on offer to sell.


I comfortably hold.



All the best.