Share buyback, page-12

@MattyBalls, if your into FA what attracts you to SLR?
In my book its a turn around story that's worth a punt at this level.
My current buy in price is 33c.
Management and Mine life are on the nose.
Balance sheet is improving. I am hoping for an improved AUD GP.
Sentiment in Gold Miners currently completely awful, good for value investors with long term time horizons.

Turning to the TA:

Bollinger Band Width on the weekly is quote low. This is always a prelude to a breakout.
It's been below the 20 week moving average for about a year, with some time riding above in the last few months.
Theory says to check the Chaikin Money Flow:
http://stockcharts.com/school/doku.php?id=chart_school:trading_strategies:bollinger_band_squee
Negative readings in Chaikin Money Flow (CMF) reflect distribution or selling pressure that can be used to anticipate or confirm a downside break in the stock.
CMF is now about zero currently so lets turn to the On Balance Volume (OBV).
Notice how On Balance Volume (OBV) continues to move lower, which shows distribution in the last 9 months. Signs of selling pressure or distribution increase the chances of a downside breakout.