SLE

Has SLE re-tested break out point? Is this still looking bullish?

Currently broke through Lets see if it can finish above the trend line
So looking bullish currently...
im long on this and my stops are below the 2 point at 5.8. That far away in percentage terms.So a tad risky .
This already hit the first resistance at 7.77 and reversed but if it can finish above the trend line then first real target will be 8.7.


support...7,,5.8,,4.61
resistance...7.77,,8.7,,9.45,,9.69,,12,,13.18

Loads of news on this one today. Let's see if it can break those resistances....

remo wrote: sorry jackozy did not see your post...
more or less the same....dohhhh

Ha ha! Nice one remo - it ought to be similar - I learnt off the master!

sorry jackozy did not see your post...
more or less the same....dohhhh

Hi shotry.
Good spot
Very near to the 123 low breakout point. You also got the short term down trend line near by as well.
The 123 low breakout point is at 6.99
the trend line resistance is at 7.27
so you could go long if this breaks and finishes above 6.99 but be aware of the resistance from the trend line.True strength will come if it also clears the trend line at 7.27.
The RSI is currently testing its trend line so if it finishes above then that may be an early indicator of a breakout.