Technically this is looking healthy ... price is being confirmed by volume, and any stock making a new high is confirming that its much more than previous perceptions, and savvy technical traders will buy a breakout that's being confirmed by other indicators especially the strong uptrend in the POG, especially the A$ POG, while energy costs remain constrained which means that all the planets are aligning and good gold stocks, especially those previously undervalued by the market are going to outperform .... for how long GOK. I feel thats its pointless looking to the old chart of SLR (when it was such a different entity) for price targets, so the obvious targets will be determined by current fundamental valuations and technical resistance targets that and in round numbers. So 85c was Hartleys old SLR target, and this will surely be upgraded, along with one from SLR corporate advisor RBC. So I expect major resistance to be 85, 90, 95, 100 .... then GOK.
SLR Price at posting:
81.8¢ Sentiment: Hold Disclosure: Held
