EMP at the support line forming a Hammer
EMP has touched the support level today as we see on our chart. EMP has been moving within the upward channel it created for few months now. Today’s price movement resulted to a Hammer candlestick which is a reversal pattern. If this will be confirmed via a large green candlestick tomorrow then we might see EMP to rise to the resistance level just like what it did last time.
RSI or Relative Strength Index has already been dropping since the start of the correction and is not at 40 level. Are the bulls ready to bring the price up?
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