EMP drops more. Now sitting on Kumo

EMP broke another Fibonacci Retracement level today as it drop to 10.50 per share. While price is approaching the 38.2% Fibonacci Retracement level, we might see a help from the Kumo. At this point in time we don’t have any reversal pattern from our candlesticks but if we will have it tomorrow then there is a greater chance it will bounce. Let’s wait for the reversal pattern before test buy. Let us also monitor the Tenkan Sen and Kijun Sen. In case it will cross then we will have a strong bullish signal. Don’t get in if there is no green signal.

Caveat!

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