XME continues to show strong bullish momentum following the morning star reversal pattern that emerged in early December—a critical turning point signaling a shift from distribution pressure into accumulation phase.

The action last week reinforced this thesis. That powerful bullish candle, pushing gains over 8%, isn't just noise. It demonstrates real follow-through buying interest and suggests the reversal pattern has legs. When you see this kind of conviction after a morning star setup, it typically indicates institutional or large-holder accumulation kicking in.

The price structure now looks positioned for potential continuation higher. Traders watching XME should monitor whether this momentum sustains through key resistance levels.