nmike

SLV daily update

BATS:SLV   iShares Silver Trust
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2
The 100MA is generally a good average for determining established UP TRENDS / DOWN TRENDS, even on weekly charts. At the moment SLV is under the 100MA However we have the short term FISHER DIVERGING from price and above mid point and the SMII has crossed it's signal line.If we can break above the 100MA and the resistance trend line , then the next target is at aroud $31 FB line.

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>>>>>$31 reached......Next target around $35(FIB LEVEL)
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>>>>>$31 reached......Next target around $35(FIB LEVEL)
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Bullseye!
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Nice trade.
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You nailed this. I wish I could submit your chart for a "SPOT ON" award.
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Great job! Well done!!
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nmike timwest
...thanks Tim...the SMII(100) is now above mid point.
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