A beam of light comes shining down on you
Shining down on you
--Flock of Seagulls
Break out on silver yesterday and pretty follow thru today.
Former technical resistance now becomes support. Any pullback toward the $30 breakout level is likely to be bought by traders.
position in silver
On 1/2 point box point & figure chart:
ReplyDelete$27 shakeout pattern
$28 action point (buy)
$30.5 triple top breakout
$43.5 bullish preliminary price objective
Traders now buying/adding to pullbacks
$26 tight stop
$24 loose stop