% | $
Quotes you view appear here for quick access.

Silver Wheaton Corp. Message Board

  • chemaes44 chemaes44 Jul 3, 2013 9:59 AM Flag

    Tea Leaves - Setups

    Prior to your holiday, setup's are notoriously unreliable due to thin volume.

    However here's what my models say:

    Trade A (1 part)

    If by 10 am the price finishes under 19.672, it will likely not surpass that price for the next 4 hrs. So, short 19.672 with no target downside given right now but a stop at 19.732 to protect the position.

    Trade B (2 parts)
    If 19.741 should be pushed above even by 1/10 of a penny, get long 19.741, stopping out at 19.681. I have no topside target. ride it.

    If the price should push below 19.485, get short 19.485, stopping out 19.545, with no downside target right now.
    In the next week or so, the setup says silver will achieve a price of 20.67 which has significant implications. Why? Moving above 20.216 breaks the back of the downtrend started mid April. However, failure to break that 20.216 suggests $17.308 is downside target and because of how big a target it is, it would be a capitulation point where a significant reversal would happen.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
26.76+0.57(+2.18%)12:09 PMEDT