EMES
EMES dip & ripLook @ yellowish lines and you can see the same pattern forming. Oversold RSI and green bottomer exactly the same levels as Feb dip & rip.
Testing bottom trendIn at 6.55 since its oversold and testing the bottom of the channel yet again after oily mess this morning. Looking for a good bounce
EMES - Upward momentum Long from current Level ($8.01) to $9.83EMES was also discussed on the trading room last Thursday. It has good % & good amount of insider buying. Twiggs money flow accumulating from quite some time and it has broken out its long term down trend. We think it will continue upward from here.
* Trade Criteria *
Date First Found- May 3, 2018
Pattern/Why- Upward momentum Long
Entry Criteria- Current levels ($8.01) (Hit May 4, 2018)
Exit Criteria- $9.83
Stop Loss Criteria- $7.43
Indicator Notes- Twiggs money flow accumulating from quite some time
Please check back for Trade updates. (Note: Trade update is little delayed here.)
$10 held pretty well.. can EMES break $15 next?After getting an almost 50% hair cut since announcing wider than expected loss on Feb 23rd 2017, EMES has formed a nice support at $10 and has made a $3 move last week. We expect some sideways action early next week and then price to test $15 along with Elasticity to flip positive to form a base around there before moving higher.
Additionally, EMES has a nice intraday range with flux above 7 on average and it moves within $.50 - $1 so lot of opportunities to trade this stock daily in addition to position trading.
Originally posted : blog.buysellshortcover.com
EMES ShortThis is one of weakest stocks in the entire market. In the last 125 days its been above 50 MA less than a collective weak-an never closed above 10 weak. Love this 3 week rally to enter shorts
Correction at 50% Retracement for EMESEnergy Sector getting stronger, EMES coinciding with it's 50% retracement.
Watch it!
