NYSEAM:SVLC - Post by User
Post by
briton Sep 27, 2010 6:25pm
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Post# 17498525
Latest TA on SVL
Latest TA on SVLHey Mates,
Thanks to Impeg for reminding me. Here are the latest Fibonacci numbersand chart indicators as of today's close.
We'reexperiencing decent consolidation on volume in the mid to high 20s and as such the support
Confluence should build over the coming trading sessions.
In addition both RSI and MACD have moved lower, a good sign.
One aside, and it is just my personal opinion. Until what appears to be insider selling slows, we can expect some softness and may even see prices drift into the low 20s or high teens. However a resumption in the strengthening of underlying metal prices should offset this "abnormal" market behavior. Keep in mind that as a producer, SVL's market cap of ~$77M is exceptionally low.
Comments welcomed.
Cheers,
Brit .................
Support/Resistance Analysis (credit StockTA)
| Type |
Value |
Conf. |
| resist. |
1.40 |
1 |
| supp |
1.25 |
3 |
| supp |
1.19 |
6 |
| supp |
1.14 |
13 |
| supp |
1.10 |
3 |
| supp |
1.07 |
3 |
| supp |
1.05 |
2 |
| supp |
1.03 |
2 |
| supp |
1.00 |
22 |
| supp |
0.96 |
4 |
| supp |
0.92 |
10 |
| supp |
0.90 |
2 |
| supp |
0.88 |
4 |