The chart of #SilverWheaton, ticker $SLW, 5yr weekly shown below shows an absolutely outstanding flag pattern.
Delightful impulsive break
out move through the upper band earlier this month on volume and now we wait. I am waiting
1) a re-test of the top of the flag (upper blue line)
which would represent an entry point for those that missed the break
out and 2) a move though the recent high of and
2) a break out thought the recent high just above 40 which is also the prior resistance lower high from the move down in early 2011.
For those wishing a longer term view of this gem, have a peek a the 10yr monthly below.