SLX 4.68% $1.46 silex systems limited

slx - up again today?

  1. 2,651 Posts.
    How do I know SLX will drop today? Easy I am predicting further rises.

    SLX just seems to get stronger each day. up another 15c (13%) yesterday. and up 75% since the end of December.

    I was convinced it was going to retrace yesterday, particularly after SLX announced there was no new news to explain price rise, but it remained near its highs for the day.

    I am going to stick my neck out and say I think it will continue to rise today as there does not appear to be any large sellers on the horizon.

    If it does fall I think it will form a new base around 115-120c before rising again. Certainly it was strong yesterday around the 120c mark - Grant-inspired :) - when it had every reason to drop lower.

    Targets are hard to calculate due to the substantial and precipitous drop from $3 last year. But continuing positive news should see it getting close to the $3 in next 12-24 months.
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