Open Silver Longs Next Week

Nothing about the entry point mentioned in my last post has changed, except that by the middle of next week, the best buying opportunity may have passed.

%K has flattened near the 25 on the slow stochastics and price activity is close to the 20 day SMA. I expect the lowpoint of this consolidation to come and go very soon so if you’re trading or if you’re looking for an entry point to add shares, you’d be best fitted to open longs sooner rather than later.

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About Aaron Basile
Market Technician, Equity/Commodity Trader, Austrian Economist, Contrarian Investor

One Response to Open Silver Longs Next Week

  1. Pingback: Silver Oscillation Unfolds, Buying Pressure Is Set To Take Off « Aaron Basile

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