Alexco Resources - Bullish outlook on strong move in silver $AXR 4.8%

On of the regular stocks that I follow is Alexco Resources.  AXR.TO.

Using a fib fan to draw the cyan lines.  It is obvious how these lines played their role in how the price action has moved over the past 4-5 months.

Today The 4.8% break out above the 200 and 50 daily moving average.  Look for confirmation tomorrow if there is a close above the 7.75 level we could be in for a resumed medium term uptrend.