–
Potential Buy Entry Alert to Watch SLR
Time Frame : Daily/Weekly
Sector : Materials/Basic Materials
Key Stats : $868.99 Million Market Cap, VWAP 1.06, ASX Ranking 275, 4 Week Av Turnover $9,443,358, Current Turnover (Intraday as at time of alert) 1,246,983.
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
SLR is showing some strong signs of holding a higher level around 1.05. Buyers still have some work to do but we expect to see the volume pick up as new buyers step in off the sidelines. Watching now for the 1.05 level to hold and a higher low to build for the Buy Entry Setup. A move up in gold may be just what the buyers need to get excited.
–
Stock Code : SLR – Silver Lake Resources
Company Website : www.silverlakeresources.com.au
Current Price : 1.06
Status : On watch for potential higher low and push up through 1.20
