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MichaelNorris77

SLV 6 point breakout

iShares Silver Trust (AMEX:SLV)  
MichaelNorris77 Updated   
AMEX:SLV   iShares Silver Trust
Trend Analysis Chart Patterns
4
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trendanalysis chartpattern
After a bullish divergence (blue lines) SLV has looked strong and looks to be breaking out today of a smaller congestion pattern. Near side resistance at $15.95 and $16.05
Comment:
After high is exhausted look for a retest of $15.78 area
Comment:
On the 11th we retraced further than expected. look for $15.76 area to be near resistance point.
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