Buyers run out of steam so time to lock away the final gains

Happy to close out the remaining SLR alert as price struggles to push to new highs. We are closing the alert at current market price of 1.20 and calling it a day.

Alert History

Previous Alert 25/06/19

Current Active Alert Management SLR

Time Frame : Daily/Weekly

Broker Consensus : BUY

SLR – Silver Lake Resources Limited

Buyers continue to step into SLR and ramp price higher to extend price to new highs. We expect that price will eventually turn as buyers lock away some gains so are happy to raise the remaining risk level to lock in further gains. Moving the Stop Loss up to 1.15 from 1.10.

Stock Code : SLR – Silver Lake Resources Limited

Company Website : www.silverlakeresources.com.au

Current Price : 1.285

Previous Buy Entry (Trigger Level) : 0.85

Previous 50% Partial Exit Zone (Partial Target) : 1.04

New Sell Exit Zone (Stop Loss) : 1.15

Status : On watch for continuation higher

Previous Alert 21/06/19

Current Active Alert Management SLR

Time Frame : Daily/Weekly

Broker Consensus : BUY

SLR – Silver Lake Resources Limited

SLR continues to power higher so time to tighten up the risk level to lock in further gains. We are happy now to raise the stop loss level to 1.10 from 0.825.

Stock Code : SLR – Silver Lake Resources Limited

Company Website : www.silverlakeresources.com.au

Current Price : 1.175

Previous Buy Entry (Trigger Level) : 0.85

Previous 50% Partial Exit Zone (Partial Target) : 1.04

New Sell Exit Zone (Stop Loss) : 1.10

Status : On watch for continuation higher

Previous Alert 18/06/19

Current Active Alert Management SLR

Time Frame : Daily/Weekly

Broker Consensus : BUY

SLR – Silver Lake Resources Limited

SLR had some very positive news out today that has triggered buyers to dive into the action and push price higher. We are happy to raise the risk level and look to lock in some gains. The Stop Loss is moved up to 0.825 from 0.785 and we are happy to book some gains and take a partial exit around 1.04. Watching how price moves towards the end of the session.

Stock Code : SLR – Silver Lake Resources Limited

Company Website : www.silverlakeresources.com.au

Current Price : 1.02

Previous Buy Entry (Trigger Level) : 0.85

Potential 50% Partial Exit Zone (Partial Target) : 1.04

New Sell Exit Zone (Stop Loss) : 0.825

Status : On watch for continuation higher

Previous Alert 13/06/19

Current Active Alert Management SLR

Time Frame : Daily/Weekly

Sector : Materials/Basic Materials

Key Stats : $666.81 Million Market Cap, VWAP 0.80, ASX Ranking 298, 4 Week Av Turnover $2,492,962, Current Turnover (Intraday as at time of alert) $110,146.

Company Overview : Silver Lake Resources Limited (SLR) is a gold producing and exploration company with resources in the prospective regions in Western Australia. SLR currently focusses on its flagship project – Mount Monger Operation.

Broker Consensus : BUY

SLR – Silver Lake Resources Limited

SLR is finally starting to move up as Aussie Gold runs up into new highs. We are now watching the 0.88 zone to see how price reacts as we do expect this level to be broken. Buyers are in control as they hold higher levels so we are happy to tighten up the risk level and move the stop loss up to 0.785 from 0.74.

Stock Code : SLR – Silver Lake Resources Limited

Company Website : www.silverlakeresources.com.au

Current Price : 0.87

Previous Buy Entry (Trigger Level) : 0.85

New Sell Exit Zone (Stop Loss) : 0.785

Status : On watch for continuation higher

Previous Alert 3/06/19

SLR has triggered the Buy Entry Level at 0.85 so the alert is now active. The Stop Loss is held at 0.74 and the current market is trading at 0.85.

Original Alert 31/05/19

New Buy Entry Alert SLR

Time Frame : Daily/Weekly

Sector : Materials/Basic Materials

Key Stats : $666.81 Million Market Cap, VWAP 0.80, ASX Ranking 298, 4 Week Av Turnover $2,492,962, Current Turnover (Intraday as at time of alert) $110,146.

Company Overview : Silver Lake Resources Limited (SLR) is a gold producing and exploration company with resources in the prospective regions in Western Australia. SLR currently focusses on its flagship project – Mount Monger Operation.

Broker Consensus : BUY

SLR – Silver Lake Resources Limited

SLR is holding higher levels as buyers support price and build for a run up through the recent highs at 0.88. With Gold on the move up, we are happy to buy on a push up through 0.85 and will hold a stop loss at 0.74. If price pushes down through 0.74 prior to entry, then happy to cancel the alert and re-assess the action.

Stock Code : SLR – Silver Lake Resources Limited

Company Website : www.silverlakeresources.com.au

Current Price : 0.815

New Potential Buy Entry (Trigger Level) : 0.85

Potential Sell Exit Zone (Stop Loss) : 0.74

Status : On watch for buy entry trigger