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Watching EMXC for a breakout or rejection at this level
Been keeping an eye on $EMXC today and it's looking interesting. We've pushed up to 95.34, which is right at a pretty significant resistance level from earlier this month. The question now is whether we get a clean break above it with some volume, or if we see a rejection and a move back towards the 93.71 area. I'm leaning towards needing more conviction to push through; a failure to hold above 95.00 by close would make me think it's just another test that didn't stick. The risk here, of course, is a fakeout above 95.34 that immediately rolls over. Just my two cents, interested to see how it plays out.
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I'm seeing similar price action. The volume on this push doesn't seem strong enough to sustain a breakout above 95.34. I'd be looking for a clearer catalyst before betting on a definitive move higher.