Silvercrest Mines Inc (SVL)

[123tom]

SVLC making a strong pullback from the overbought top zone
What does the chart look like now.

Something important here around the 2 dollar zone. (2.00/2.10/2.20)

From a long term chart going back at least 3 years...this zone at 2 dollar area is now very key support /resistance mid point area.

It marks now the place where a bullish pattern should have held support. but it Failed to hold support in the recent pullback plunge.
Watch it now to become resistance in coming days and weeks.
IF price fails at the 2.00-2.10 area, and becomes a right shoulder of a head and shoulders pattern, we could see a retest of the 1.13 bottom zone. in coming months.

A bullish chart pattern needs to see SVLC hold support above 2 dollars, and now, especially critical to establish some support level at least the 1.50-1.40 area.