Silvercorp Metals Inc. (SVMLF)

[123tom]

very strong pop today,SVMLF up 12%


from the bottom pivot at 2.71,looking like a solid bottom there....



resistance overhead now, to deal with, I worry about the next big resistance zone,shoulder zone at 3.45 area,pivot reversals,3.60/3.80, a lot of pressure in this bounce overhead. but also in all miners, the charts are showing a worrisome pattern that could get hammered down again.

But Silversorp has been a solid outperformer since the 2016 bottom (40 cents!?) peaking at 4.50 and now this latest pullback stops at 2.70. Silvercorp looks good.

This forum should be more active,guys. we have a good miner here.

I only have a few miners now (not like the 30 I owned in 2012,yikes!?) and glad my main miner is SVMLF now. don't really need too many more.
This latest pullback from the 4 dollar topping zone, was looking for a target below 3 dollars. this 2.70 looks ok now.