Price is edging higher and looking stretched so locking in further gains

Current Active Alert Management SLR

Time Frame : Daily/Weekly

Sector :Materials/Basic Materials

Broker Consensus : BUY


SLR – Sliver Lake Resources Limited

SLR continues to edge higher on merger news although price is looking extended on both the long term and short term timeframes, right into potential resistance around 0.80. We are happy to lock in further gains below the weeks low at 0.72 and sit back and watch the action. If price can blast up through 0.80 then we will look for opportunities to raise the risk again. If it falls over then we expect a deep correction and for price to potentially reset….so we will look to re-enter.

Stock Code : SLR – Silver Lake Resources Limited

Company Website : www.silverlakeresources.com.au

Current Price : 0.77

Previous Buy Entry (Trigger Level) : 0.585

New Sell Exit Zone (Stop Loss) : 0.72

Previous 50% Partial Exit Zone (Target) : 0.69

Status : On watch for continuation higher

Alert History

Previous Alert 8/3/09

Current Active Alert Management SLR

Time Frame : Daily/Weekly

Sector :Materials/Basic Materials

Broker Consensus : BUY


SLR – Sliver Lake Resources Limited

SLR has been re-rated on the ASX today which has seen a lift in the price back above 0.71. We see the potential for another run into highs up through 0.75 so are now happy to lock in further gains and lift the remaining risk level to 0.645.

Stock Code : SLR – Silver Lake Resources Limited

Company Website : www.silverlakeresources.com.au

Current Price : 0.71

Previous Buy Entry (Trigger Level) : 0.585

New Sell Exit Zone (Stop Loss) : 0.645

Previous 50% Partial Exit Zone (Target) : 0.69

Status : On watch for continuation higher

Previous Alert 20/02/19

Current Active Alert Management SLR

Time Frame : Daily/Weekly

Sector :Materials/Basic Materials

Broker Consensus : BUY


SLR – Sliver Lake Resources Limited

SLR kicked on higher today towards the 0.70 zone where we are now happy to look to lock in a partial gain at 0.69. Also, happy to raise the risk level to 0.61 to have a free hit at new highs. We may expect to see some action above and below 0.6772 which is the DRM offer price for shares in SLR.

Stock Code : SLR – Silver Lake Resources Limited

Company Website : www.silverlakeresources.com.au

Current Price : 0.66

Previous Buy Entry (Trigger Level) : 0.585

New Sell Exit Zone (Stop Loss) : 0.61

Potential 50% Partial Exit Zone (Target) : 0.69

Previous Alert 18/02/19

Current Active Alert Management SLR

Time Frame : Daily/Weekly

Sector :Materials/Basic Materials

Broker Consensus : BUY


SLR – Sliver Lake Resources Limited


SLR has continued higher since the entry on the 14th Feb and is now heading into resistance at 0.645. We are watching to see how price action reacts at this level and whether we will look to lock in some gains around 0.64. We expect price to head higher today and if we see a push straight through 0.645, then the next port of call for a partial exit will be around 0.70/0.75.

Stock Code : SLR – Silver Lake Resources Limited

Company Website : www.silverlakeresources.com.au

Current Price : 0.615

Previous Buy Entry (Trigger Level) : 0.585

Sell Exit Zone (Stop Loss) : 0.525

Status : On watch for buy entry continuation higher

Original Alert 8/02/19

New Buy Entry Alert SLR

Time Frame : Daily/Weekly

Sector :Materials/Basic Materials

Key Stats : $274.30 Million Market Cap, VWAP 0.545, ASX Ranking 468, 4 Week Av Turnover $770,946, Current Turnover (Intraday as at time of alert) $827,557.

Company Overview : Silver Lake Resources Limited (SLR) is a gold producing and exploration company with resources in the prospective regions in Western Australia. The flagship projects are Mount Monger, Murchison and Great Southern Projects.

Broker Consensus : BUY


SLR – Sliver Lake Resources Limited

SLR continues to hold higher levels and is playing out to plan so time to get on board and see if price runs up through the highs. We are happy to buy on a push up through 0.585 and hold the stop loss at 0.525. If price falls below 0.525 prior to entry, then we will cancel the entry alert and re-assess the action.

Stock Code : SLR – Silver Lake Resources Limited

Company Website : www.silverlakeresources.com.au

Current Price : 0.555

New Potential Buy Entry (Trigger Level) : 0.585

Potential Sell Exit Zone (Stop Loss) : 0.525

Status : On watch for buy entry trigger