In support of BeerBaron and t/aers and "dirty Chartists" throughout the world,
TECHNICALLY, I beleive BB is spot on.
I ran some pretty hefty analysis on EXT a while back for a mate of mine who has had the intestinal fortitude and fundamental skill to buy and hold EXT from the $1.00 mark.
I analysed the chart when it first hit the $5.00 mark and then showed a little weakness and suggested at the time that $350 should be all she'd drop, and that around the $7.00 mark we'd see some more resistance.
According to my "stuff" BB's potential downside of $4.5 is valid.
Pure technicals, NO f/a.
However, as I also said to my mate, I can see the potential of EXT to go through to 11.00 eventually.
How long eventually is I have no idea.
;)
EXT Price at posting:
$6.46 Sentiment: None Disclosure: Not Held
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