Please don't take my postings as disdain for a person, just for an opinion. I really can't decipher what you are seeing in your analysis. You haven't really staked out anything measurable except to say that you see something that you call a pennant formation ending tomorrow Then you say, it could be bearish, or bullish. I'll tell you what, enjoy this board and your time analyzing EXM. I am long EXM and very long NEWL and feel this sector is primed for a rather dramatic turnaround. Hope whatever you see works out.
Please STOP. Now you are predicting when a non-existent pennant is going to stop mforming and you have it down to a precise time of day????? Thanks for making all of us who incorpoate technical analysis look like Kool-Aid drinking loons. I love your explanation though, first you cite a completely bogus analysis (no pennant, none, nada, ZIPPO) and then you precict a precise end to this illusion and then you say, it clould go up or down. Please stop, I am begging you. Go buy a book on technical analysis and come back when when you understand just how STUPID this post is....Sorry for being some mean-spirited, but thisn't isn't an ink-spot test at the local clinic;.
The formation I'm seeing EXM forming may be a pennant, notice the lower highs and how it holds around .50. If it's a pennant, it's considered a bearish sign or it could reverse, but the formation comes to an end on Monday, and we should see some actions. Let's hope for the better.