SLR, they dig holes, get stuff out and sell it
And they own 11% of RED 5
But more importantly the chart is now coming into a decent shape, with a great recovery after the more recent touch up
Holding from 1085
STT Target in red +17%
SLR sitting @ support again
fibonacci levels are strong
so support should be as well.
lets see if all the sellers have been flushed out and watch it rise nicely from here.
gold price sitting in low 1900s which is a good sign
as you dont want prices to rise too fast.
a slow and steady rise is more sustainable.
super contributions have risen to 11% to maintain
the...
SLR break out of triangle setup.
now there is a massive gap to fill @ $2.
short term this is a good trade.
SLR has been going no where for 2 years.
consolidating. i think the sellers have been run out
of town and watch the explosion higher.
I expect $2.70 area to be retested.
#GOLD price is heading higher.
interest rates are still negative in real terms.
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...
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...
$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...
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.
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
