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!

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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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