Price walking down BB. BB tag, bullish divergence
, and 33 day low confluence for key support level
candle closes above Hull 10 MA, which is now pointing up. Breakaway gap today confirms downtrend is over and market has reversed. SL will trigger with a close of a bearish
candle anywhere in the gap. Short term target R1 giving the short term trader a risk reward of 1:4, and an 11% gain. Longer term targets from analysts are in the 35-45 range. Media outlets are reporting some large funds purchasing stakes in SLW
( ex: Soros ) and 8/12 rate a strong buy, 3/12 moderate buy, 1/12 hold. Bullish seasonality
for metals trades is also in play.