EMP showing some early signs of bullishness after fall

So far the Kumo or cloud is holding EMP not to go below 10.80. It was last week that we saw EMP to have a strong bullish signal from Kijun Sen but gains were wiped out because of the decline after hitting 12. We encountered a bearish signal as price went down but today we are seeing some light at the end of the tunnel. A neutral bullish signal coming from the Tenkan Sen / Kijun Sen cross. Chikou Span is still bearish and price needs to climb to 11.40 in order for this element to change its sentiment. As long as the support provided by the Kumo will not be broken you may hold EMP.

Caveat!

Leave a Reply