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Silver Wheaton Corp. Message Board

  • mpaulenoff mpaulenoff Apr 9, 2013 1:58 PM Flag

    Mike’s MPTrader Mid-Day Minute

    Mike has posted his Mid-Day Minute on MPTrader site: My near- and intermediate-term pattern and momentum work in Silver Wheaton Corp. (SLW) argues strongly that last Wednesday's unconfirmed low at 27.78 ended the corrective decline from the Nov 2012 high at 41.30 (-33%).

    That said, if accurate, that means the price structure has turned up into a new up-leg within the much larger bull trend in SLW.

    The first real litmus test on the upside will come at 30.60-31.00, which should be hurdled, and will trigger upside continuation and acceleration towards 32.00.

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24.41+0.05(+0.21%)Oct 20 4:00 PMEDT