I know alot of precious metals stock investors are holding this stock as it has been a start performer. The daily chart is showing a 5 point triangle reversal pattern that broke the bottom rail, on a big gap, this morning. I’ve labeled the reversal points with red numbers. Remember an odd number of reversal points equals a reversal pattern and an even number of reversal points equals a continuation pattern. In this case it looks like EXK will be heading lower. Preservation of capital is most important at this stage of the game.
EXK daily 5 point triangle reversal pattern.