Silverlake Axis after touching the low of 47.5 cents on 24th June 2016 it had manged to stage a strong recovery and head higher to touch 58.5 cents on 15th July 2016. This is rather bullish.
From TA point of view it had managed to clear the overhead resistance at 55 cents and closed well at 58.5 cents.Couple with increasing volume this is generally quite positive.
Both Macd & Rsi are still rising upwards which may provide further indication that the share price may continue to trend higher.
Short term wise, I think it may continue to trend higher towards 60 cents then 62.5 cents.
Breaking out of 62.5 cents with good volume that may drive the share price higher towards 69 cents.
(trade base on your own decision)
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