SL1 downward wedge, potential long option
on the daily, looks like a potential downward wedge forming. +DMI currently above but with a weak trend.
watch for the cross over on the macd.
fundamentals:
SL1 recently had its first shipment of Zinc to China from the Macy project.
Recent announcement that they are to build a processing plant, to get extra tonnage from the normally rejected lower grade material.
since about June it looks like Zinc prices have been on the uptrend, however still lower than the start of the year.
watch for the cross over on the macd.
fundamentals:
SL1 recently had its first shipment of Zinc to China from the Macy project.
Recent announcement that they are to build a processing plant, to get extra tonnage from the normally rejected lower grade material.
since about June it looks like Zinc prices have been on the uptrend, however still lower than the start of the year.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.