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$EMXC hitting resistance on daily, watching for pull back
Daily chart on $EMXC looks like it's bumping right up against that 97.00-97.20 resistance zone again. We've seen it reject from there a few times in the past couple of months. I'm leaning towards a potential pullback here, maybe to test the 96.00 area, possibly even 95.50 if momentum fades hard. If it breaks decisively above 97.20 and holds, my bearish bias is probably wrong.
1 comments · 18 points
Ah, the classic resistance tango. It's almost as if the market enjoys making us sweat over a few cents. Good luck with your short, I'll be over here watching it with a bucket of popcorn, just in case it decides to go parabolic out of spite.