SVL 2.56% 20.0¢ silver mines limited

Hi Ho Silver (Mines)!!SVL's chart is looking extremely...

  1. 636 Posts.
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    Hi Ho Silver (Mines)!!
    https://hotcopper.com.au/data/attachments/6085/6085223-fa49e3a0a80a5971a033769d747a68c3.jpg
    SVL's chart is looking extremely bullish.
    1. Former resistance at 14c is now support.
    2. This support has been hit 3 times only for the sp to rebound forming a Triple Bottom.
    3. The triple bottom chart pattern is a rare, but extremely effective reversal pattern.
    4. There have been 3 attempts so far to break above the next major resistance level at 26c.
    5. I think in the current silver bull market the 4th attempt will be successful and SVL will slice through 26c relatively quickly to hit the
    Breakout Target = (26c - 14c) + 26c = 38c
    Note:
    Last annotation on the chart should read: successful breakout above 26c indicates 38c target.
 
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Last
20.0¢
Change
0.005(2.56%)
Mkt cap ! $301.6M
Open High Low Value Volume
19.5¢ 20.0¢ 19.3¢ $770.0K 3.884M

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20.0¢ 1612379 41
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Last trade - 16.10pm 15/05/2024 (20 minute delay) ?
Last
20.0¢
  Change
0.005 ( 2.77 %)
Open High Low Volume
19.5¢ 20.0¢ 19.5¢ 1028474
Last updated 15.59pm 15/05/2024 ?
SVL (ASX) Chart
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