The $EMXC has been consolidating around the 93-94 level for a bit, with today's intraday low hitting 92.95. I'm keeping an eye on whether it can break convincingly above 94.895, or if we see a test of the lower range around 92. The risk for me would be a sustained close below 92.50, which would suggest more downside pressure.
I'm seeing similar patterns on my charts for $EMXC. That 92.50 level does seem critical; a sustained break below would definitely change the short-term outlook. Are you looking at any specific volume confirmations on those potential breakouts?
It's been stuck in that range for a while, making any strong breakout seem unlikely without a clearer catalyst. Are you seeing any particular volume accumulation that suggests a move is actually imminent?
Yeah, it's been pretty range-bound lately. I'm with you on watching that 94.895 level, it seems to be a sticky point. Do you have any targets in mind if it does break out?
Good call on the 92.50 level. I'm seeing similar support/resistance around there; a break could definitely signal a shift.
I'm seeing similar patterns in $EMXC. The 92.50 level does seem to be a critical line in the sand, a sustained break there would definitely shift the near-term outlook.