Monday, May 11, 2015

Silverlake - Will it continue uptrending?

Silverlake has been uptrending since 2010, this is probably one of the most uptrending stock in Singapore, Currently it is trading near the long term support at $1.20 we see this as a good opportunity to catch the long term uptrend at a lower price. However if price close below 1.20 the chart will be telling us there is a trend change.

Using our ART bottom master system, the system also show an green arrow recently signaling a possible bottom of this stock. Previous signal has proven reliable as Silverlake usually move higher upon hitting bottom.

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