EMXC - Testing a Range Bottom, Eyes on 96.80
Been watching $EMXC pretty closely for a while now, and it's starting to get interesting. We've been consolidating in what looks like a pretty defined range for the past few weeks, and today's action has brought us right back down to the lower end of that range. Specifically, that 96.80 area feels like a pretty critical level for the bulls to hold.
If we can establish some support around 96.80 and bounce from here, I'd see that as a continuation of the consolidation, potentially setting up a move back towards the upper bound of the range. However, a sustained break below 96.80, especially on decent volume, would really change the complexion for me. That would invalidate the current range thesis and could open the door for a deeper pullback. I'm keeping a close eye on the hourly closes in that zone.