SLR 1.02% $1.49 silver lake resources limited

current chart

  1. 2,829 Posts.
    I got into this one as a result of charting it for Johno247 a couple of weeks back.

    The extra data has now made me rethink and re-align some of the forks. I now believe the correct handle alignment for the black fork was the lower of the 2 tops in June and that the blue fork should have it's handle pinned at the slightly higher low in sept. The reason is that they fit the data better, and give a better framework for the observed price action.

    Now to the interesting bit. Today price crossed the EMA34 and the EMA8 was positioned for a cross up. Any close over 105.6c tomorrow will cause a cross up. I have placed the EMAs (green and gold wiggly lines) on the chart so it is easy to see the effect of previous cross ups. The blue pitchfork is an estimate of a reasonable path for price to take.

    The position of the slow stoch (lower pane) is identical to the when the cross up occurred last, in early November. Last time the stoch climbed up to the overbought areea and stayed there, quite strong, for an extended period.

    I have drawn in a green trigger line based on the black fork swing points. I would expect resistance on this line. If price gaps the line, (which I think is quite possible) I would expect price to run rapidly to the top blue line, which should be in the 1.60s by then.

    Of course first SLR has to get to the launch point before SLR can launch, but those are the price patterns I will be watching

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Mkt cap ! $1.300B
Open High Low Value Volume
$1.50 $1.53 $1.49 $6.732M 4.474M

Buyers (Bids)

No. Vol. Price($)
28 143182 $1.49

Sellers (Offers)

Price($) Vol. No.
$1.50 105194 20
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Last trade - 13.36pm 29/07/2021 (20 minute delay) ?
0.015 ( 0.88 %)
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$1.49 $1.52 $1.49 895733
Last updated 13.55pm 29/07/2021 (live) ?
SLR (ASX) Chart
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