Time to look for a partial exit zone to lock in some gains

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