SLR seems to have found support at the current levels and recent price action suggests that it may continue higher. MACD has also printed a bullish cross which may be a sign that price may head higher. My target would be $1.920, the next resistance level (potential 10% gain) with a stop below the current swing low. Please note these are my own notes, by no means...
wait a little longer for confirmation when confirmed... load up on SLR. too early to call, prices could reverse around these levels.
2 week chart has SLR with a nice hammer candle stick which signals a possible reversal in the current down trend. the tip of the tail is close to the 61% fibonciacci level. we will see soon if the "bottom" is in. sellers are gone i think.
SLR has retraced a decent amount. short term selling should have been exhausted. expect some buying pressure to come in immiently. now there is a gap on the upside which needs to be filled.
Daily chart shows that the confluence of fib levels acted as support & price is approaching a historical support/resistance zone around $2.05. A break from that zone & the trendline will be bullish. This miner is expanding with takeovers & integrating them into the operations pretty well. The stock has good long term growth especially due to the bullish nature of...
Bullish Trend Continuation indications: 1. Support Zone Held after Price decline. 2. Trendline Support held after price decline. 3. Price is consolidating above the Support Zone and Trendline. 4. Price Action shows Bears are exhausted. 5. Good Buying Opportunity after Bullish Price Action. I would be interested to buy after I will see Bullish Price Action and...
I see a rising wedge , I expect a pullback soon... also gold is struggling to break above $1800.... catch the pull back. let the gap fill and ride the next wave higher.
I see a rising wedge, I expect a pullback soon... also gold is struggling to break above $1800.... catch the pull back. let the gap fill and ride the next wave higher.
SLR forming a ascending wedge on the daily chart. a new breakout has been confirmed and we use fibonacci to find the next short term target level. $2.62 we can take profits. long term SLR is still a hold. it has been huge gains since the bottom in 2016 . The Gold price has not even made new highs yet. so watch this space.
Looking for pullback, stock has been strong, Good buying area around $1.74
strong buying in SLR.. making new high and break out of a flag + pennant setup. $2.50 is a possible short term target and a good place to take profits. RSI holding above 70 level means this is a strong bull market for SLR.
SLR has been showing some strong moves...watch for a breakout or a breakdown..IMHO the former is more likely in view of the strong showing PS - That is a 4 hour chart
ASX: SLR $1.530 -1.32% 22nd January 2020 Current Analytics on the 'broader scope' Daily and Weekly Periods _Trending within distinct channels _The retrace/s correlates really well with the base of the existing uptrend _The retrace/s also bottomed at fibanocci levels _Currently swinging on the top channel of trend upward + Fundamentally and technically very...
SLR reaching 61% fibonacci level which is usually the hardest to break. If it can break $160, average up as it will move higher. else it will fall back to $1.
MONTHLY Uptrend, buyers WEEKLY Uptrend @ supply area DAILY Confirmed swing low in uptrend, buyers
Looks like a good time to long can use a trailing stop and just ride it up 2x atr should be fine and ditch it if we fall below our last low marked gl.