SLX is currently in a descending wedge with bullish RSI divergence. Look for a breakout and retest of upper trendline for entry or enter a small position on bounce of lower trendline, stoploss at last swing low with target of $4 and will be moving SL to BE when safe to do so.
We've seen a series of bull flag breakouts as Silex has climbed up during the recent Uranium bull market. Each move up has seen at least a 100% increase in share price from trough to peak. The most recent break upward is supported fundamentally by news of the US House of Representatives passing a ban on Russian enriched uranium imports, which can be seen as...
After 4 taps of this resistance level the probabilities start to increase of price trading right through it, Looking to potentially do Business around the grey box Previous resistance turned support.
Ideal situation for a long is a spike into this grey box take out the stops market with Red Circle and get back above the 2022 Yearly Close which price seem to be...
Looking like its setting up for another continuation move through $5. little bit of sideways be still fine. And no double top. Potential for this that and the other. Stay dumb.
SLX back above the Macro Mid range, also back holding the local range low.
Looking for a quick scalp to local range high "target1"
If we break above and hold il start looking for longs to target 2 macro range high
Wrong below 2.76
by my rough count 8 days up and 2 days of sideways on strong volume. Puts it into alpha leader category. Sometimes you just gotta find out on these stocks. Patience and some wide stops. Oh and don't chase here unless your an insto and you have to cos otherwise you'll look like an idiot for not owning it.
Uranium is the key to the worlds attempt to reduce Carbon Emissions and these guys have tech related. But they also have the means to make material in short supply for quantum computers.
Great pullback buy this week, so can't suggest a buy here though. But this feels like an ASX story to watch.
$SLX - SILEX SYSTEMS - Good momentum,
Worth a watch. So many good opportunities around at the moment. Has some good market depth on the buy side.
Quite an interesting business. Not sure how much upside there is if their product is licensed out.
Silex Systems Limited is a research and development company. The Company is focused on the development and...
