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Sunday, 27 July 2014

Silver Wheaton Corporation: 27 July 2014, Sunday, 2.35pm Singapore Time

Silver Wheaton Corporation: 27 July 2014, Sunday, 2.35pm Singapore Time
Chart courtesy of StockCharts.com

Attached above is the Technical Analysis of Silver Wheaton Corporation (NYSE: SLW).
This will be one of the minority stocks that will continue to go up while the rest of the markets undergo bearish corrections or transition to bear markets.

Base on price structure above:
1. $40.00 is guaranteed to break up, representing at least +50% upside.
2. $46.00 will have more than 80% probability of breaking up, representing +72.2% upside.

Donovan-Norfolk Ang's Strategy:
1. I will take half profits on break-up of $40.
2. I will take full profits on break up of $46.
3. By the time Physical Silver Spot Price hits $30.00, no matter what would be the price of the stock of this company, I will take profits of all my stocks holdings for this company.

Donovan Norfolk Technical Rating:
Bullish on Silver Wheaton Corporation (NYSE: SLW)
(Buy on dips with profits of at least +50% to +72% on capital invested)


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