SILVER LAKE RESOURCES LIMITED

ASX

SLR

RogueCleaner

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.

RogueCleaner

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.

RogueCleaner

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.

Hallmac27

Looking for pullback, stock has been strong, Good buying area around $1.74

RogueCleaner

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.

Wiz_of_Oz

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_Limitlesss

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...

RogueCleaner

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.

simtrader19a

MONTHLY Uptrend, buyers WEEKLY Uptrend @ supply area DAILY Confirmed swing low in uptrend, buyers

Swoop6

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.

ChartsAvenue

Nice price action RSI in a bullish range ...needs to close above 1.045

RogueCleaner

Wow. textbook flag and pennet break looking bullish... more and more plenty of buying pressure will keep this baby running for a while

TuaoXiaoLongxia

Potential weekly bearish pin-bar formation. If next week's closing price is below this week's low of 1.155, then it is very likely that price will hit the 1.075 mark (0.382 fib retracement). Otherwise, if SLR closes above this week's high of 1.300, then further upside is expected.

RogueCleaner

Strong buying in SLR. chart says it all. Take profits circa 1.57

AngusMcK

$SLR - SILVERLAKE - Could be interesting if it bounces Silverlake has been pushing past its resistance points and if its up tomorrow could be well worth a watch. Signals I look at are quite bullish so if it runs this time I suspect it will push up to its previous highs which would be a nice gain. Silver Lake Resources Limited is a gold producing and exploration...

RogueCleaner

SLR powering to the upside with this break out. Could be the merger with DRM causing some excitement in this company

TuaoXiaoLongxia

Silver Lake Resources is currently trading at $0.65 per share, which is at double top formation in May 2018. The 0.618 Fibonacci support level around 0.455 seemed to be a very strong support; the stock is currently rising for more than 12 weeks(medium term up trend confirmed) since trading around the level for the second time November. *The stock price broke...

Wiz_of_Oz

After the price topped off at .65c, it retraced down to the .618 fib and is supported by the 200 day MA. Just below it in the .45c zone is a major historical support zone. An upward move in the gold price will provide an impetus for a break of the trend line and for the price to move. I think in this chaotic world, the gold price is just waiting for an opportunity...