westcoasttrader

SLV - HEAD AND SHOULDERS CONTINUATION

AMEX:SLV   iShares Silver Trust
SLV IS FORMING A NICE HEAD AND SHOULDERS CONTINUATION PATTERN.

WHY I LIKE THIS CHART:
1. PRIOR TREND IS UP.
2. ABOVE 200 DAY MOVING AVERAGE
3. PRICE HAS RECENTLY SUPPORTED OFF THE 50 DAY MOVING AVERAGE.

MEASURED TARGET PRICE $18.76

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