Post by
Haligonian on Mar 02, 2008 6:59pm
Exmin Daily Chart
Some signs of life finally appearing here with the bullish cross occurring on the MACD the other week along with increasing volume as the near term warrants get processed. Friday's price action was particularly telling with the first test of the 50dma on heavy volume.
RSI is now in positive territory with stochs close behind. Also of note is the major bullish divergence on the MACD over the past 6 months coupled with a descending wedge, which is also a bullish chart formation. A couple of closes above 30 cents should serve to get the ball rolling here.
Significant price points going forward are 30, 35, 40, 48, 56, and 64 cents.
Here's the chart:
https://stockcharts.com/h-sc/ui?s=exm.v&p=D&yr=2&mn=0&dy=0&id=p96367309818
GLTA