ryanchai
Short

SLV: time to invest in Silver?

AMEX:SLV   ISHARES SILVER TRUST
# SLV             is downtrend & has no reversal sign yet.
# Good margin of safety as the price is low.
# First sign of trend reversal is when SLV             make a "higher high" by breaking above $15.50, second sign is "higher low", which is above $13.
# (if) Pulling back to new uptrend line is considered as healthy.
# Early Buy Entry: Point A, 2nd Buy Entry: Point B
Trade closed: target reached: Price break above R15.5 and retested the level, and go higher.
Comment: Beware for Long position as Silver price has formed reversal.
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