Alexco Resource Corp (AXU)

[dingocub]

More Pain to Come IMO..

At some point this will not trade in sync with other miners in sector... At some point it's just gonna go up when everything is going down or sideways...

But until then... Late 3qtr my guess

3 things to look for coming up in the next 3 weeks..

AXU price will do 2 things from here.. IMO

It will hit it's 50 day avg next week sometime.. $1.08 ish my guess..

If it breaks thru that we may hit .71 exact 50% retrace and right where that big floor is as well.

Or we bounce of the 50 day avg which is exactly a 25% retrace..


The catalyst being FED announcement on June 15th. Will they raise rates or not.. If you read the news it came out yesterday in transcripts from last months meeting that it was possibility.

That spooked market .. Dollar spiked.. Gold Silver Went down..

So it will be a tug a war until then.. Pending on which way they decide to go.. We break down or up big after announcement..

Good luck.. I'm waiting this one out.. Until I see my signs..

And I plan I will do nothing for a few weeks.. Unless Silver prices skyrocket early..