Supervalue, What a market this week!!! Silver dropped its price to 6 months's low @4.92, maintained a big rally on Friday Closed right @5.085, .005 above that very important Fabannaci Retracement @5.08; it showed a KEY REVERSAL DAY PATTERN, in indicates that this down trend is over, bull [up] trend will resume from here.
Also, what a performance of that DML on Friday, also. It tested that Fabanacci retracement right @1.50 for two times and then bull rally started, closed at day hi, open candle sticks, with volume 325,000 @1.66 +.10, it also showed key reversal day, it implies that the down trend of that DML is over, we will see a better prices from here.
Also, our CWA stood very nicely, no sweat at all, even that silver was testing that $4.92, and DML was testing that 1.50, CWA maintained very supportive @.16, we will see that .17, .18, .19, .20 ,.23 and may be .26 a breakout of new hi, a confirmation of this CWA up trend next week. HAHAHA!!!! IMHO!!! IMHO!!!! |
