SL1 downward wedge, potential long option
on the daily, looks like a potential downward wedge forming. +DMI currently above but with a weak trend.
watch for the cross over on the macd.
fundamentals:
SL1 recently had its first shipment of Zinc to China from the Macy project.
Recent announcement that they are to build a processing plant, to get extra tonnage from the normally rejected lower grade material.
since about June it looks like Zinc prices have been on the uptrend, however still lower than the start of the year.
watch for the cross over on the macd.
fundamentals:
SL1 recently had its first shipment of Zinc to China from the Macy project.
Recent announcement that they are to build a processing plant, to get extra tonnage from the normally rejected lower grade material.
since about June it looks like Zinc prices have been on the uptrend, however still lower than the start of the year.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.