Market Curiosity: Exploring Markets And Systems

January 17, 2013

SLW – Looking to buy on a stop due to price breaking above down trend line. -8% (update1, Feb 17)

Filed under: -05 to -24%, Long Stock — Tags: — Jeff Fitzmyers @ 8:18 pm

+ Medium term RSI now above a long term RSI that seems to be rising.
+ Multiple indications of silver shortages.
+ January us mint silver eagle sales pass 6 million, mint suspends sales, states eagles are sold out!!
+ fed/gov keeps printing money.
+ price broke over the down trend line and had a little rest on near term EMA support.

Buy stop near todays high.
Stop loss around 3.75.

SLW daily jan 17 2013

Update 1 Feb 17
Stopped out even with a fairly wide stop loss near the trading range low. Note the updated down trend line.
SLW daily feb 17 2013

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