Buyers still stepping in to support higher levels

Potential Buy Entry Alert to Watch SLR

Time Frame : Daily

Sector : Materials/Basic Materials

Key Stats : $662.72 Million Market Cap, VWAP 0.81, ASX Ranking 296, 4 Week Av Turnover $1,963,721.

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 focuses on its flagship project – Mount Monger Operation.

Broker Consensus : BUY

SLR – Silver Lake Resources Limited

SLR has recently pushed up off the 0.71 zone as expected so and is starting to see some buyers step into the action to support higher levels around 0.75. The action is still early and buyers have a bit of work to do but we are now watching for the buy entry setup for the push up through 0.90 highs.

Stock Code : SLR – Silver Lake Resources Limited

Company Website : www.silverlakeresources.com.au

Current Price : 0.81

Status : On watch for potential higher low and move up through 0.90

Alert History

Previous Alert 9/05/19

Potential Buy Entry Alert to Watch SLR

Time Frame : Daily

Sector : Materials/Basic Materials

Key Stats : $597.27 Million Market Cap, VWAP 0.745, ASX Ranking 309, 4 Week Av Turnover $2,289,920, Current Turnover (Intraday as at time of alert) $971,449.

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 focuses on its flagship project – Mount Monger Operation.

Broker Consensus : BUY

SLR – Silver Lake Resources Limited

SLR has recently retested the 0.72 lows after the previous few days selloff but has found some interest from the buyers today. Being a Fundies favorite, we are now watching for the selling pressure to ease and for price to build the higher low that may be the start of a run to the 1.00 mark and higher.

Stock Code : SLR – Silver Lake Resources Limited

Company Website : www.silverlakeresources.com.au

Current Price : 0.76

Status : On watch for potential higher low and move up through 0.90