I SHARES SILVER TRUST ETF
(SLV-NYSE):
Technical Viewpoint: From a low
of $25.99 on May 16, 2012 prices
rallied, reaching a
high of $29.02
on Jun 6, 2012. A
decline saw prices pull back, reaching a
low of
$25.34 on Jun 28, 2012.
Another rally saw prices penetrate
resistance, closing 8/31/12
at $30.79. Technicals: MACD Index (MACD): A Buy Alert!
was given on Aug 21, 2012 when the solid line crossed the dotted line to the upside.
Support: Remains at $29.28. Resistance: Is at $31.10.
Point & Figure: Reversed to the upside on Aug 22, 2012. A P&F upside
reversal takes place at $26.00. Summary: Technical indicators have turned bullish. BUY! I SHARES SILVER TRUST ETF
(SLV-NYSE) @ $30.88 Stop: Use a protective stop of $28.99.
I SHARES SILVER TRUST ETF is currently trading @ $30.79 plus $1.35 on Aug 31, 2012. Price Objective:
$39.00. Risk/Reward: $2.00 VS. $8.12. Today's Risk Reward Ratio: 4:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$39.00
Risk/Reward:
$2.00 VS. $8.12
Risk/Reward Ratio:
4:1
|