EMP broke support line. Weak bearish signal via Tenkan Sen / Kijun Sen Cross

EMP fell by 1.7% today breaking the support at 11.68 or 23.6% Fibonacci Retracement level. It also broke the upward channel we draw last time when we saw the Hammer on EMP. In case there will be no bullish formation tomorrow then EMP may go down to 11.18 per share which is our next support unless it will delay the drop and Senkou Span B will protect the price. We also have a weak bearish signal via Tenkan Sen / Kijun Sen Cross.

RSI or Relative Strength Index has dropped to 37.

Caveat!

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