SLI Chart Nov. 18, 2011

SLI showed a break above its medium term downtrend channel seen at .77 (letter B). If this level (letter B) will continue to hold then stock is seen to retest .92 (letter C) then .98 (letter D) levels. Going up, some minor pocket of resistances are also expected to be seen between .84 to .86 level.

Failure of .77 level to hold in the coming days will lead to possible retesting of  .75 or .70 area.