XEM, above 100MA!

After months of drawdown, XEM seems to have found a new cycle. It has passed over 50 and 100MAs with ease however was rejected from the 200MA.

Even if 200MA is passed, the price is still below the uptrend and has an even larger test there.

For now, we will label it neutral and will update it as it unfolds.

Yorum:

XEM has moved over the 200MA which is the buffest of MAs. Now the final test of the trend.

Labeling this as BULLISH

Yorum:

As expected, XEM pushed passed 200MA and tried the trend, however it was rejected.

Still, it is above all 4 main moving averages on the daily. Volume is quite decent too.

We are keeping our 'bullish' stance on this.

Yorum:

Fighting the trend! If we break up we rip!