SLV LOCKED AND LOADED

22 февр. 2013 г.

SLV has been range bound between the two dotted orange lines. It has found support at the 27.50 level and is presently consolidating in a downward channel. It looks to me like a classic bull flag is being carved out with the target upwards toward 36.00. I have taken a long position at 27.50 (via options) with a target at 36.00 and will close out on a weekly close below 26.00.