Rounded Base for Silver Wheaton

Despite today's weakness, Silver Wheaton Corp. (NYSE: SLW) continues to act well off of last week's low at 28.85.

All of the action in SLW looks like it is morphing into a rounded base-like pattern that has the potential to propel prices towards 34.00, if the price structure climbs and sustains above key near-term resistance at 31.60/70.

  Matched “”
x
Take Advantage Of Our Free
7-Day Trial, $71st Month Offer!
  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!