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Slam Exploration Ltd V.SXL

Alternate Symbol(s):  SLMXF

Metals & Mining Industrial Metals & Minerals
SLAM Exploration Ltd. is a Canadian junior resource company holding a portfolio of gold and base metal projects. The Company is engaged in the acquisition, exploration and development of exploration and evaluation properties in New Brunswick, Nova Scotia, and Ontario, Canada. The Company's projects include Mine Road Project, Menneval Gold Project, Ear Falls Lithium Project, Jake Lee Gold Project, Highway Gold Project, Keezhik Gold, Dam Lake Project, and others. The Mine Road Project is a significant addition to its portfolio of wholly owned BMC projects that include Goodwin, O'Hearn-Strachens, California Lake, Lower 44, LBM, North Rim, Portage, Satellite, Nine Mile, and Red Pine. The Highway project has demonstrated polymetallic potential with 10 known mineral occurrences that include zinc, silver, copper, cobalt, molybdenum and tin as well as gold. The Company holds NSR royalties on the Wedge copper zinc project, Ramsay, Reserve Creek, and Opikeigen gold projects.


TSXV:SXL - Post by User

Slam Exploration Ltd
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Post by Cussyon Nov 03, 2010 1:34am
429 Views
Post# 17649413

SXL Chart and annalysis

SXL Chart and annalysisOK... last post for tonight...
One might be a little sea sick from the rollercoaster of late, however, if you allow your emotions to settle down, and look at the math... The chart still looks amazingly bullish... 
  
1) Below, notice the price experiencing higher highs with smooth corresponding higher lows... 
2) As well, notice the price just touching the 50 day moving average as support
3) MACD has also had a chance to reset allowing for a bullish new cross with room to breath...
4) RSI has also reset and is leveling off below the 50 line looking like a reversal is developing...
   
This is an extremely bullish chart... Time to buy at the end of this week...  The chart doesn't lie, only people do...
   
Cussy, the Windsurfer:)

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