Divergence with PVT and MACD for the last month. Hopefully will see it rise and establish support back at 0.010
Fundamentals:
-second wash plant at the Macy project has been completed which has increased the concentration production.
-first shipment of zinc earlier on in the year. Hopefully will see revenue on next years report.
on the daily, looks like a potential downward wedge forming. +DMI currently above but with a weak trend.
watch for the cross over on the macd.
fundamentals:
SL1 recently had its first shipment of Zinc to China from the Macy project.
Recent announcement that they are to build a processing plant, to get extra tonnage from the normally rejected lower grade...
looks to have broken the up trend. -DMI sitting in the 50s and looks to be dominant. ADX at 29 and seems to be rising indicating strength in this trend.
OBV jumped with the increase in volume during the uptrend, but volume has dropped back during last couple of days.
Looks like support around 0.058
Potential inverse head and shoulder rising to a new resistance around the $38 mark.
DMI weak, with a potential false cross over.
Watch for volume increase
first time trying this.
In my opinion, trend is potentially showing panic selling. Steep increases in volume with sharp decreases in price.
short term, following the OBV trend can see price bouncing back to $4k before carrying on a potential steeper downtrend in the long term.
-DMI currently dominant with ADX at 39 and rising with no pull back in volume
