Monday, March 29, 2010

EMXC - Breakout Imminent

This weekend I posted an EMXC chart and noting $.006 as a point of significant resistance.  Today the stock broke through that price point and surged higher.  The $.006 level now acts as support, and today's break of that level confirms the upside scenario.

Tuesday should see continued buying and a possible test of $.01.  Remember the book value of these shares, per the company, is $.08.  I think investors are just starting to realize the value of this stock.

My weekend chart:




Today's chart:


1 comment:

Unknown said...

Hopefully the news of EMXC breaking its resistance and being fully supported by the famous Guru will be able to supply the fuel to the moon. Many shareholders(Experienced and inexperienced) know that they should hold their shares. With such a small float this baby will take off... I was saddened to see bid whackers at .007-.0078 though... was a bit odd.