On the weekly chart you can see there is a long term down channel in SIL. But the on the recent low at 16 was
above the precious low. And there was a bullish divergence in the weekly RSI. On the daily we have sort of a cup and saucer look. I would not be surprised to see a break up from here above the downtrend channel. If so a possible initial target is given. Drop below the short term uptrend line would be worrisome.
Process you way.
above the precious low. And there was a bullish divergence in the weekly RSI. On the daily we have sort of a cup and saucer look. I would not be surprised to see a break up from here above the downtrend channel. If so a possible initial target is given. Drop below the short term uptrend line would be worrisome.
Process you way.
Comment:
Comment:
Still in uptrend.
Comment:
Resistance at top of the down channel line. A break up above the channel would be bullish.
