April 25, 2011

SLV Hour stays above the Trend line

  • Despite today's correction SLV's Hour chart did not break the trend line.
  • Price is still standing above its 50 hour moving average.
  • Price also moving up smoothly above the cloud.
  • Trend in hour chart will change only if 50 hour moving average and the cloud gets violated till than buy on dips will continue.

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