SilverCrest Mines Inc SVLC

Here's The Latest Snapshot

[brit]

Hey Mates,

Here's a snapshot of the Fib picture w.r.t. SVL Clearly we have resistance to break through in the $2.20 - 2.05 range, but after that it's clear through to the $2.50 level.

Frustrating to see it here, but by the end of the month we should see blue sky.

Cheers,

Brit

**credit to StockTA

Support/Resistance

Type	Value	Conf.
resist.	2.99	8
resist.	2.50	11
resist.	2.35	4
resist.	2.26	5
resist.	2.04	10
supp	1.90	8
supp	1.78	6
supp	1.61	8

Chart Indicators

Ind.	short	Inter	Long
EMA	VBu	VBu	N
MACD	VBu	VBu	N
RSI		Bu
TDD		Be
Fibs	Be	Bu	VBe
Highs	Be	VBe	Be
Lows	VBu	N	VBe
Trends	N	VBu	Be
Stoch.	VBu

[KevinF2848]

I would like to see a consolidation right here.  You still have a high RSI and moving down, the SS has turned over and the MACD is showing overbought.  I do agree on the possibility of $2.50 by EOM.  Silver could pop pretty good here and the fundamentals for the company are very strong.

[brit]

Hey Kevin,   Actually in technical terms a .70 would reflect a cautionary overbought level for MACD.  We're just at .05.  Also the RSI is neutral, reflecting no concern.    We need to move north of and close above the $2.02 - 2.05 resistance range on volume.  Consolidating at current levels would only increase the resistance confluence.   In fairness though,