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SL1 downward wedge, potential long option
SL1 downward wedge, potential long option
By eemyaa534561a4727543d6
Följ
Följ
5 dec. 2018
1
Heja
Heja
5 dec. 2018
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.
Beyond Technical Analysis
Chart Patterns
Trend Analysis
eemyaa534561a4727543d6
Följ
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