EMP may test its newly found support

EMP may test the support at Kijun Sen line as it retraces from its recent high of 11.96 which was visited last 3 days ago. The strong bullish signal created by the Kijun Sen cross is still intact but Chikou Span is showing bearishness. If you notice that line is moving below the price 26 periods ago.

For those who want to get some EMP, wait until it hits support and with a good candlestick pattern.

Caveat!

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felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

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