SLW - Reversal with Good Technicals

54 0 2
Price walking down BB. BB tag, bullish divergence , and 33 day low confluence for key support level . Bullish 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.
Comment: Take profit. on 1 hour chart a bearish Harami has formed along at the 61.8 level with Stochastic, down and cross of signal line. Volume decreasing too. Revisit this with a close above 29.18.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out