EarlHoldings

XAM drops below pennant and may test support 6c

Short
ASX:XAM   XANADU MINES LTD
Xanadu dropped below the consolidation pennant formation and looks to be testing support at the bottom of the news candle. This would also line up with 50d MA and serve as a good entry point for further long term up swing.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.