EMS eastern metals limited

more weakness to come?it failed the blue pitchfork pretty...

  1. 2,793 Posts.

    more weakness to come?

    it failed the blue pitchfork pretty convincingly - (the median could have been started from 29 June for a cleaner sine wave, but the resulting failure remains the same) - and now it has failed the red pitchfork - neither of the forks have particularly pretty sine waves, which probably has more to do with erratic volume swings... who knows, but recent market volatility has been messing these types of speccies up, that's for sure..

    MACD is heading for the bottom, and the Stochs got no strength and looks to be heading the same way..

    parabolic SAR loves the look of shorts being on, but how much further down could it go?

    sub-2 cents is historically unlikely, but so was the GFC in people's minds once.. still, a bargain at these prices if you have faith in the fundamentals, which seem to be telling a good story come years end...



    good luck
 
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