As I am sure you are all aware, XPR has been performing strongly over the past month. The market had moved higher , trending strongly for a couple of days, testing the $0.30 resistance bands on 18th October with a high of $0.31, followed by a correction down to $0.23 being completed on the 24th of October.
After this we see the clear triangle pattern with highs between +8 / +11%, please note the narrowing range before the brake out point was reached on 23rd of October -10.08%. Thus failing to form a continuation of this trend...or so we thought.
The market rallied soon after with +11.29% and helped push back up towards the moving average. With Swell just around the corner, Wednesday, 6 November - Friday, 8 November. Expect this trend to continue into next week with breakouts testing the $0.35 & $0.40 marks.
Regards
EWH
After this we see the clear triangle pattern with highs between +8 / +11%, please note the narrowing range before the brake out point was reached on 23rd of October -10.08%. Thus failing to form a continuation of this trend...or so we thought.
The market rallied soon after with +11.29% and helped push back up towards the moving average. With Swell just around the corner, Wednesday, 6 November - Friday, 8 November. Expect this trend to continue into next week with breakouts testing the $0.35 & $0.40 marks.
Regards
EWH