As I mentioned in the previous link, Time to Buy more Silverado Shares ? I said to look for the price to recede back to approx. the .014 or the .013 area to complete a Fibonacci Retracement. As we all know the price declined approx. to .012 and today the price closed at .014

As a general rule of Thumb, to satisfy tecnically filling a gap, the price needs to close in this narrow trading range at least a few days in a row, If there is no news release out in the next day or so, the price could trend sideways in a narrow trading range, and if there is a news release out, we all hope, regarding financing, I would expect the share price to move higher now that the Fibonacci Retracement has been met.

I will try to post an update chart by this weekend for those of you who want to learn more about basics chart reading. It is looking very good regarding the 20 day and the 50 day moving average lines moving higher !!

Good luck to all the longs, be patient, remember financing takes time.