SLW forming a bump & run formation. Moneyflow is improving.If it can hold the support around $19.77 & breaks about it can easily go to next resistance around $25
Trade Criteria Entry Target Criteria- Break of Resistance around $20 Exit Target Criteria- $25 & higher Stop Loss Criteria- $19.77
You can check detailed analysis on SLW in the trading room/ Executive summary link here- screencast.com/t/Lge8k2HytJd ( Access only for the subscribers) Time Span- 58:00" Trade Status: Pending (Note: Trade update is delayed here. To get updated & get new Trade Ideas - Please subscribe to our Newsletter at: acornwealthcorp.com/gold)
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January 31st- Went up huge 4.24% & Made a higher high. Looking very good as long. Updating stoploss to $20.67 January 27th- Going up after re-testing EMA 9, looking good as long. January 23rd- Made a higher high & closed at the top of the range. Looking very good as long. January 20th- Went up & hit entry criteria. Now wait & see. January 17th- it seems broken out the channel formation, but yet to hit entry. January 13th- Consolidating, did not hit entry yet. Waiting for breakout.
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February 2nd- Made a higher high, but rejected from MA200 & closed at the bottom of the range. February 7th - Continues to look strong creating higher highs. Updating our stop loss criteria to $21.73