nice trade setup

Hi all,
Thought I'd provide from a technical perspective a little rational on why I think EXM is looking interesting. Firstly, the buy side at 1.3c has been strong. If you've got your buy order in early on in the long queue, I'd say you're doing pretty well. There's certainly a decent wait to buy them at that price. Nonetheless, the current price is certainly at or near the longer term support line as inferred on the chart below. Concurrently, volume has been declining on the down-swings indicating that these moves are running out of 'puff', and that a move up may be close at hand. Interestingly, the shorter term moving average (50 day) has crossed up over the longer term moving average (150 day). I'm looking at a target price around the resistance area of 2.4c-ish. As always patience will be the key here but I think there will be rewards to come. Til then, welcome to hear others opinions and happy trading!

cheers
Sagitar


nb. the above post are my opinions so PDYOR