SVLASX Silver Mines Limited respecting upward trendDue for a pump up after following the strong up trend.
My sell targets set @ 29c
Stop loss set @ 17C
SVL
SVL Trendline Support + Volume Increasing On UpwavesASX listed SVL simple trendline support on daily + seems like volume is decreasing on the down waves and increasing on the upwaves. Divergence can also be seen if you overlay the Monster Cumulative Delta indicator however It gets a bit messy so i left it out.
just noticed williams vix fix is in the green as well indicating a bottom.
XAGUSD H&S waiting for confirmation 20.00 targetWaiting for weekly close above 18.328 to confirm next leg up to 20.00.
Gold/Silver ratio may also be forming a bearish H&S formation which may signal silver bullish bias to persist through 2020.
Usually a bad sign for US stocks.
You can view my other charts for long VIX short gold/silver ratio for reference through my profile.
I'm long silver through micro cap Aussie miners SVL, IVR which are highly correlated with silver price. Will add to positions next weeks if above silver closes above 18.328 on weekly as discussed.
Good luck all.
