Going sideways as expected. I'll keep my eye on it to see it it sets up for another play but won't comment till its ready for action.
3/11/16 Direct hit (In at 2.41 - out at 2.80)
EXK did what I expected by opening strong and jumped to 2.85 and retraced to close at 2.56. It gave plenty of options to get out at 2.80. From here I expect EXK to retrace or goes sideways till the 8 day catches up to it.
3/10/16 On Target
EXK broke out like a bandit today and closed on its high of 2.74 on high volume. I expect it to open strong and maybe stall out and retrace. I'll sell into the morning spike if there is one.
3/9/16 On Target
Consolidating as expected. Still in play above the 8 day.
3/8/16 On Target
This is acting like I expected. Nothing has changed and I would stick with the plan which was: Way over extended but on fire. Id expect a pull back to the 8 day or maybe the 21 day SMA in the next day or two. If it takes a little time to consolidate and then somehow gets thru 2.41 it would have a decent chance of running to the 2.80 to 3.00 range in the near future.
3/7/16 Opening Remarks
Way over extended but on fire. Id expect a pull back to the 8 day or maybe the 21 day SMA in the next day or two. If it takes a little time to consolidate and then somehow gets thru 2.41 it would have a decent chance of running to the 2.80 to 3.00 range in the near future.
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