timwest
Long

US Silica Holdings SLCA setting up for a rally

BATS:SLCA   U S SILICA HLDGS INC
547 2 3
Possible range breakout after a prolonged sideways correction that has brought in new shareholders and allowed old shareholders to take profits. It appears the stock is now ready for a new leg to the upside.

Look for this recent burst out to continue as volume lifted as the price made a move to get this stock out of the range.

We will likely see a strong reaction again from higher levels near 26-28 as that saw heavy selling by aggressive traders. Look for higher-lows to occur despite the strong price reaction and then look for higher-highs subsequently.

Risk: 10%
Upside: 15%-25%
Probability 40%

Tim West 11:34AM EST Friday, July 19, 2013            
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
Good time to buy maybe right here
Reply
Tim, what does mean probability? Why it's only 40%? I'd expect to see probability at least more than 60%.
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out