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Friday, July 13, 2012

SLV : is it strong support ? Will prices trampoline off here ?

Received a sms from a friend to buy silver bars
I told him I will get in at high teens or low 20s
Or jump into the band wagon when it breaks $30

Say circa $28 , is it strong support ?
Will prices bounce off and begin a new uptrend ?
Or a little correction before resume down trend channel ?

Wait and see.

Trend lines is still down and unbroken,
Moving averages are above or should I say
Prices are below moving averages.....

However Stochs is low....but don't be fooled by Stochs....

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