Eight days ago I published an 8 year chart down-trend for-XME.
This is what I wrote:
"I have owned XME-this year. I sold a month ago when it was 7% higher. Why ?
Caveat Emptor ! This is Latin for "Let the buyer beware."
From a technical perspective, XME-is at an 8 year down trend line.
I say "Caveat Emptor", let the buyer beware.".....
End of recap.
XME-has continued weaker, dropping from $27.47 to $26.09 this past week.
I believe the path is lower.
1. The last four Fractals have been sells.
2. The phase energy (lower indicator) is below the zero line.
3. The 5/34 momentum (middle indicator) is trending down.
4. RSI / Stohastic (top indicator) is rolling over.
5. The alligator is feeding in the down-trend.
6. The thick golden line (233 unit EMA) has been breached.
Fractal MEST (momentum, energy, space, time) are all down.
If you are long I would use any strength to exit. Good luck to you in all your trades. Don.
This is what I wrote:
"I have owned XME-this year. I sold a month ago when it was 7% higher. Why ?
Caveat Emptor ! This is Latin for "Let the buyer beware."
From a technical perspective, XME-is at an 8 year down trend line.
I say "Caveat Emptor", let the buyer beware.".....
End of recap.
XME-has continued weaker, dropping from $27.47 to $26.09 this past week.
I believe the path is lower.
1. The last four Fractals have been sells.
2. The phase energy (lower indicator) is below the zero line.
3. The 5/34 momentum (middle indicator) is trending down.
4. RSI / Stohastic (top indicator) is rolling over.
5. The alligator is feeding in the down-trend.
6. The thick golden line (233 unit EMA) has been breached.
Fractal MEST (momentum, energy, space, time) are all down.
If you are long I would use any strength to exit. Good luck to you in all your trades. Don.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.