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SLX 23.0¢

slx - signs look good.

  1. newry

    850 Posts.


    I've been a close follower of SLX in recent times and am quite excited about its prospects of a significant price re-evaluation back to the $2.50 - 3.00 range.

    The chart looks extremely positive, and with a good day on Friday, I can see a couple of days of small gains, culminating in a close above the significant $1.52.

    As previously mentioned, $1.52 was SLX's closing price on June 21 last year when it plummeted from $3, and has spent the last 8 months below this point.

    It is now becoming clearer that the price drop was not warranted as evidenced by recent announcements, and the full endorsement of its major partiner and likely future customer who was wrongly thought to be leaving the relationship last year.

    A close above 1.52 will be extremely significant and lead to a strong gap upwards in my opinion.

    i just noticed a strong bid for 70,000 go in this morning at $1.39.

    Whilst I comfortably hold SLX, I am not telling people they should buy, but suggesting that it should be on people's watch list for a close above 1.52.

    All the best

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