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Wiz_of_Oz

Silver Lake Resources - Not a silver miner but a gold miner

SILVER LAKE RESOURCES LIMITED (ASX:SLR)  
Wiz_of_Oz Updated   
ASX:SLR   SILVER LAKE RESOURCES LIMITED
Trend Analysis Chart Patterns
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trendanalysis chartpattern
After the price topped off at .65c, it retraced down to the .618 fib and is supported by the 200 day MA. Just below it in the .45c zone is a major historical support zone. An upward move in the gold price will provide an impetus for a break of the trend line and for the price to move. I think in this chaotic world, the gold price is just waiting for an opportunity to shine. But as always this is not a buy or sell recommendation nor is it investment advice.
Comment:
Breaking out of consolidation.. new highs coming ?
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