AA13 Chart SLW (friendly?)

Hello and welcome to my blog.

SLW as a chart example of what I would call a friendly chart. Whether it remains that way in the future is something I have no control over.

This is not a recommendation to buy or sell this stock. Due diligence is your responsibility. If you need professional investment advice then find a professional.

Chart courtesy of Wealth-Lab.com. Thanks.

In early December the green up alert indicated a possible up move. The actual move carried from a bit over 4 to a bit under 7. The recent pull back has been to the lower dark blue line ~5.40 which is also the level of the 54 day moving average. The big IF will be whether the price holds above these lines. To give the price wiggle room perhaps 5.00 will come in as support. A horizontal line at 5.00 does not seem out of place.

Basically looking to hold above either the shorter term moving average or around 5.00. Risk management would be 10% below the entry level and seems reasonable given the look of the chart.

Things to watch for to stay friendly and get friendlier. Hold moving average and support, move above the pale blue linear regression line. Signal in CCC pane of dark line crossing red, will show up as a dark green signal line. Move back above the red moving average line and the longer term 81 day moving average.

So a few things to look out for and see how the future unfolds.

Thank you for your time.