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Double Bear Silver ETF/At Resistance *PIC*

The double bear Silver ETF:ZSL is bumping up against price resistance at 19.20. This price point must be cleared and held to expect a run to next resistance at 24.50. The RSI 21 is also under the 50line and the Modified MACD is also below the 0 line still. Note the falling 50ema has stopped this ETF in its tracks for over one year now time and time again and clearing and holding above $20 bucks would be a significant change in trend. This ETF can be bought in most any account. (with a stop loss of course) Note the arrow at the bottom of the chart that shows "1 for 4". This means for every 4 shares you owned then they gave you 1 back as the price had fallen towards the zero mark. This is a reverse split seen only on a plunging market. Just something to keep in mind.

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Double Bear Silver ETF/At Resistance *PIC*