EMKR has a very nice looking daily chart. It looks like this one may try to breakout at 2.73 and go up and fill the gap at $3.00. When a stock has a gap like this is usually gets filled quickly although there is a chance they try to take the stock down and shake traders out before it inevitably breaks out. the pattern is a big cup and handle pattern. It probably needs 5X-10 average volume to make a huge move like this, but in my experience charts like this usually get the interest of traders. I am long half size and will add on the 2.73 breakout or add a full position on a dip to 2.50.
Posted by CAPTNEMOS on :
well good luck with that Trader.I did some looking into this stock and is it really a value at this price?because your charts say its a good one?How about why would i want to own a piece of a corporation thats losing millions of dollars every year.not a bargain at this price.So much better companies out there that are more profitable and for 20% of the price?
Posted by CAPTNEMOS on :
well good luck with that Trader.I did some looking into this stock and is it really a value at this price?because your charts say its a good one?How about why would i want to own a piece of a corporation thats losing millions of dollars every year.not a bargain at this price.So much better companies out there that are more profitable and for 20% of the price?