SVL 9.09% 12.0¢ silver mines limited

SVL chart, page-2719

  1. 764 Posts.
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    Great pull back in the POS, can't expect a 25% rise in a matter of 4 wks without a pull back (March $20-$26).
    I last predicted 23.80. Currently at 24, and one can see it is tagging the diagonal support line, previous resistance. It is a diagonal....which are not overly reliable. A horizontal is better as people remember their last entry exit points. Currently the horizontal has POS to trade or pull back to the previous resistance trading area, 23.20 to 24.00. So the 23.80 may not hold, if it does, great.
    You can see on my two charts, not making line "fit" or predicting BS to suit what they want to see!
    I could make the chart suit my own agenda better, but the candles speak for themselves.
    As for SVL, held up very well today, there is slight support at 0.20, but it could break down to 0.175. Then next wave upwards.
    Caviate, Not financial advice! Only been charting for 30+ years and still learning, and there are massive macro issues to wash out yet.
    Buy only after ones own DD.
    https://hotcopper.com.au/data/attachments/5268/5268574-60557a737d1a23f3903249c73c03e485.jpg
    https://hotcopper.com.au/data/attachments/5268/5268578-f1e0cedda43bc62e71ad2398aeb37024.jpg
    Last edited by GmundStables: 12/05/23
 
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