SLW just closed above two year support determined by Dec 2011, Oct 2011 and Jan 2011 lows. Usually share price closing around this has been followed by rally. Moreover in the case of Dec and June lows divergence (between the price trend and the Moving Average Convergence Divergence - indicator) suggested the upcoming reversal. Another point to consider is the price relative to its 200 day . In the last three cases the price bottomed at more than 20% before turn back. In addition both indicators index and suggest the is oversold with reading under the 30 (reading above 70 indicates overbought level).