You don't have to be an expert technical analyst to see what's been going on in shares of Silvercorp Metals (SVM - Get Report), a small-cap silver mining stock. Shares of the miner have been trending lower in a channel pattern since all the way back in September, bouncing ever-lower in a high-probability range.
Trend channels are useful for traders because they identify the high-probability range for shares to keep moving within. The trendline resistance level in SVM has acted as a ceiling for shares the last six times it's been tested, and that pattern doesn't look likely to change now.
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