Silverlake Axis is on our watch list as we’re watching for a potential break above the horizontal resistance line of 0.61. Staying above that would be considered strong.
Our entry might be 0.615 with a stop loss of 0.58.
Our concern would be that its results could be out today after market or next week. So we’re playing into results could be a potential danger as we won’t know how the stock will swing after results. So we will manage our risk accordingly and knowing what we’re going into.