nmike

SLV channel cloning update (weekly)

BATS:SLV   iShares Silver Trust
19
Since this idea worked out quite well last time I'm republishing it with the updated clones. It is interesting to note where SLV last low swing point touched , right on a clone channel boundary. Last week SLV finished with a gap up big green candle breaking the reference channel boundary and a close above the 20 ma. Current upside momentum favors the blue arrow channel boundary as the near term target. Fib. retracements are a great addition to cloning.

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