XME should see pretty strong upward bias in the next 40-60 days and should make it to the 40-45 region. I will be taking position on any pullback which may materialize in the next few days.
As additional proof
1. We bottomed at a good fib support, and then made a nice bottoming formation of bottoming exactly at the next support level (as in "Automatic supports" related)
2. There are two fractals which are similar to this bottoming internal state leading to 16-30% gains over the next 40-60 days respectively.
a.
b.
Of the two (a) bottomed at 200 day sma, and therefore I classify it as the better match. So I expect the target to be closer to 45 than 40 but that remains to be seen
As additional proof
1. We bottomed at a good fib support, and then made a nice bottoming formation of bottoming exactly at the next support level (as in "Automatic supports" related)
2. There are two fractals which are similar to this bottoming internal state leading to 16-30% gains over the next 40-60 days respectively.
a.
Of the two (a) bottomed at 200 day sma, and therefore I classify it as the better match. So I expect the target to be closer to 45 than 40 but that remains to be seen
Comment:
Good opportunity today AM for long positions imho -- I made use of it
Comment:
Completely wrong on this call --written off these calls.
