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.
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