XEG has been in the downtrend for over 10 years (!) all the way till it hit its lows at $2.54 in March 2020. But then a bounce happened that seems to be able to sustain momentum on the monthly chart.
Will the downtrend ever end?
I expect it to at least reach the upper bound of the downtrend channel around $10. Too optimistic?
Not a financial advice, please do your own research and share feedback!