X Analysis

With a pretty indecisive day to close out the week X has been trading somewhat sideways, somewhat in a flag. If X breaks higher from this and can beat out the MAJOR resistance at around the 27.70 level, it doesn't have much resistance points to stop a run. If we break out of the 27.70 I will look more into diagramming possible trades.

This idea and analysis is part of a 3-month trading challenge in which I am only using the EMA 50 to indicate trades.