Points to 18.62. SLW had a Symmetrical Triangle located between 19.91 and 22.74 which was broken on Monday. I believe it is just backtesting at this time, and 19.91 now becomes a trendline and resistance area.
Not Ignoring you dj, just can't see it well enough to understand. Daily and hourly SLW RSI suggest the Low is in place, Yes I have thought so before, but was only watching hourly RSI .. .. Lesson learned! If we get lower than 19.23 I will have to give up on the RSI thing. Gap is filled, a turn up seems to be starting.
Not ignoring you either, but I was busy with a couple other stocks. SLW backtested yesterday as I suspected. The Symmetrical Triangle is now located between 20.06 and 22.74. This means that 20.06 now becomes the new trendline and resistance area. SLW must close above 20.06 and have staying power. In other words, it must remain above 20.06. GL