Long $EEMMaybe it's time to see emergent markets having a bull run again. Or it will be ruin?
Your call.
Emergent
EBS - Head and Shoulders Pattern, Weekly1/1 line is a major Trend line
Using the Fib circles the H&S pattern becomes more evident with the LS being rejected at the 1 level
The H being formed at 1.618
and the RS being formed in the aftermath of the H formation
I expect more downsides on this weekly timeframe until the strong support level is reached, which coincides also with the 1/2 Gann level
Emergent Biosolutions $EBS. "breakout"$EBS just broke out after earning results. I would wait a pull back before get in.
12 months Consensus Price Target: $90.14
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Thx
Emergent BioSolutions Emergent BioSolutions is trying to break $71.19. RSI is below the trend and volume is not enough yet to get over
The shares price of the Emergent BioSolutions seem to go higher.My sugestion:
Entry point: 37.07
Stop loss: 43.56
Profit target: 30.63
