SLW Strength Triggers a Near-Term Buy Signal that Has Significant Upside Potential (for The...

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 20, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Below is what we discussed late yesterday, when Silver Wheaton Corp. (SLW) pushed up to key resistance at 12.70. This morning, SLW has printed 12.80, and higher, at 12.90, as it breaks out to the upside from a near-term Point & Figure perspective. The next immediate target is 13.30-13.60. MJP 11/19/15 In that SLW made a new low print Mon. (11/16) at 12.00 off of the recovery-rally high print at 15.30 (circled), the dominant near-term downtrend remains intact. Although SLW has climbed about

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