GREY:ANSBF - Post by User
Comment by
louelon May 10, 2013 4:01pm
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Post# 21364591
BC Silver: buying at these levels
BC Silver: buying at these levels I have been looking at the 2 day time frame Your right, BC there is support at $3.50 If you measure previous cycle durations all three are consistent. This cycle being the same length takes it to within a day of the report. where it should offer a tradable bounce.
If it fails to sustain the rally the next period may extend till Sept. where it could drop to the lower support. Look at Volume at price the heaviest buying strength is in the Teens to twenties, where it will meet up with the 200 day moving average which is presently at 2.93 and climbing about 1 cent per day. Would be a great re-entry point there.