Tuesday, February 01, 2011
Rounded Base for Silver Wheaton
By Mike Paulenoff
Despite today's weakness, Silver Wheaton Corp. (NYSE: SLW) continues to act well off of last week's low at 28.85.
insert.a.chart.SLW
All of the action in SLW looks like it is morphing into a rounded base-like pattern that has the potential to propel prices towards 34.00, if the price structure climbs and sustains above key near-term resistance at 31.60/70.
