EMR 3.52% $3.53 emerald resources nl

madmacs could i get your chart opinion plse

  1. 23,007 Posts.
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    Hi MM

    If you have a spare moment or two could you kindly have a look at Emeralds chart and give us your thoughts?

    Stock has broken out now with confirmation today and with some positive announcements due should be a good run over the next month or so.

    However I don't like it when the dreaded gap appears whilst it breaks out of the bollinger bands. The contraction of the bands indicated that a break was imminent (one way or the other) so it is a break out of tight bands.

    Would appreciate your input if you can.

    thanks

    debono

 
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