Silver Wheaton Institutional Chart Analysis Signals Short

Discussion in 'Trade Journals' started by Verified Investing, Jul 1, 2016.

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  1. Verified Investing

    Verified Investing New Member

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    Chatter from hedge funds are signaling a potential top on silver play Silver Wheaton Corp. (USA)(NYSE:SLW). Look for a higher volume day today with selling in the last few hours of trading. This will be big players starting to unload. The chart below also shows that Silver Wheaton is into two major resistance trend lines. While average investors do not read the charts, institutions focus on them and use them to their advantage. Silver is also sending near term top signals. Look for Silver Wheaton SLW to pull back to $21 in the next few weeks.

    I originally posted this on www.verifiedinvesting.com

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