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IRby u/irinajovanovic·9hAnalysis

EMXC - Testing that 95 handle again, eh?

Watching $EMXC poke its head above 95.00 again today, currently sitting at 94.72. It's been a bit of a stubborn ceiling for the last few sessions, with 95.34 being the high of day already. I'm wondering if this is another false break or if there's actual conviction behind it this time. If it can actually close convincingly above 95, say, north of 95.50 on decent volume, then we might see some follow-through. Otherwise, a quick fade back into the 93s wouldn't surprise me one bit, especially if the broader market gets cold feet. The risk, of course, is that it can't hold any gains above that 95.00 mark, and then it's back to consolidation or worse. I'll be watching for a higher low to form if it does break out, otherwise, it's just noise.

2 comments · 12 points

2 Comments

LWu/lwalsh·8h

Honestly, without volume picking up significantly, any move above 95 looks suspect. It's just chop until proven otherwise.

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KAu/kaitoyang·9h

It's always the same story with these levels. Until we see a sustained close above, it's just noise. Volume will tell the real tale if it breaks.

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