NYSEAM:SVLC - Post by User
Comment by
peegoon May 03, 2014 2:22pm
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Post# 22521349
RE:RE:RE:Fall from grace
RE:RE:RE:Fall from graceChart update on SVLC.
https://www.tradingview.com/x/SYBhDFZN/
the uptrendline held, denying the bear case for the flag and iHnS - so far. had a solid daily/weekly close friday, retaking the neckline and closed right at the 20dma. Let's hope for some follow through on Monday.
For those that think the upday + good vol. is due to info being "leaked", I wouldn't put much weight in that. I chart about 3 dozen miners, and it gives you a good feel of things in the miners, and Friday looked like a good reversal day for many of them, and I don't think they all have info leaked. =) Whether this reversal is another short dead cat bounce or something bigger, I have no idea. But for now, I think there may be more upside next week. g/l. =)