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1.61%

15.3¢ silver mines limited

Possible reversal off horizontal support in both silver and...

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mac3

5,541 Posts.

542

19/05/23

13:06

Post #: 67863907
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Originally posted by GmundStables: ↑

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.

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Possible reversal off horizontal support in both silver and gold.
wait and see if it holds

SVL Price at posting: 20.8¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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(20min delay)
Last 15.3¢		Change -0.003(1.61%)		Mkt cap ! $229.9M

Open	High	Low	Value	Volume
15.5¢	15.5¢	14.8¢	$230.9K	1.526M

Buyers (Bids)

No.	Vol.	Price($)
10	315711	15.0¢

Sellers (Offers)

Price($)	Vol.	No.
15.5¢	1536078	23

View Market Depth

No.	Vol.	Price($)
10	315711	0.150
25	2320935	0.145
53	3866197	0.140
34	1063319	0.135
31	1033889	0.130

Price($)	Vol.	No.
0.155	1520245	22
0.160	1164633	22
0.165	899747	16
0.170	800018	13
0.175	695241	9

Last trade - 12.57pm 15/08/2024 (20 minute delay)

SVL (ASX) Chart

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