Strong Bullish Signal via Kijun Sen Cross on EMP

Finally some Ichimoku elements showing bullish signals on EMP after the bounce from Kumo last November 27. Today we have a strong bullish signal from the Kijun Cross. This is considered strong because it happened above the Kumo or cloud. In addition, the Chikou Span agrees with the bullishness. Immediate support will be the Kijun Sen line which is at 11.48 To maintain the bullishness of this stock, price should close above 12.16 so that Chikou Span will continue to move above the price 26-periods ago.

RSI or Relative Strength Index is not yet on overbought level but is about to touch the line.


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