TRADESETUP

February 14, 2019

Price kicks up to trigger the entry level as buyers look to new highs

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Buyers step into the action to push price higher and trigger the Buy Entry Level at 0.585 so the alert is now active. The Stop Loss is held at 0.525 and the current price is at 0.59.

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

Previous Alert 29/01/19

Potential Buy Entry Alert to Watch SLR

Time Frame : Daily/Weekly

Sector :Materials/Basic Materials

Key Stats : $264.14 Million Market Cap, VWAP 0.545, ASX Ranking 473, 4 Week Av Turnover $736,915, Current Turnover (Intraday as at time of alert) $865,352.

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 is playing out nicely as gold in both USD and AUD terms is heading higher. A nice pop higher today may be the start of a higher low forming but we are awaiting a little more confirmation from buyers. Once we get further evidence, its all about the entry setup.

Stock Code : SLR – Silver Lake Resources Limited

Company Website : www.silverlakeresources.com.au

Current Price : 0.56

Status : On watch for potential higher low

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