posted
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.
Posts: 35 | From: Florida | Registered: Jan 2011
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