goodguy

Silver Miners looking promising.

Long
goodguy Mis à jour   
AMEX:SIL   Global X Silver Miners ETF
On the weekly chart you can see there is a long term down channel in SIL. But the on the recent low at 16 was
above the precious low. And there was a bullish divergence in the weekly RSI. On the daily we have sort of a cup and saucer look. I would not be surprised to see a break up from here above the downtrend channel. If so a possible initial target is given. Drop below the short term uptrend line would be worrisome.
Process you way.
Commentaire:
Commentaire:
Still in uptrend.

Commentaire:
Resistance at top of the down channel line. A break up above the channel would be bullish.

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