Hey Boss,
I've been looking (learning) into the price volume resistance stuff you and GF were saying and yes you are correct. Major price resistance at $3+. Given It has recently hit $3 twice in a wee and currently back at $2.91 and seems likely to test $2.78-80 again a which point it could bounce up, but recent history suggests that it might go further down till it reaches its real support. A sensible trader may wish to sell at these points, and buy back in at the support and swing it again. I accept all that, I'm just hanging around at this price level because i want to test a potential scenario that may playout (however unlikely it might be). So im like only a 20% in the green right, and happy expend some of that to "take a punt" on that potential scenario. Given i have taken on board the popular T.A put forward by you and @goodfella, the risk/reward scenario, would my decision be considered within the "scope" of trading OR am I being delusional, wreck less, grandiose? Just looking for some genuine feedback so have at it.
Below is a 1 hour chart, and yes the volume is definitely not on my side, but if volume was not an issue would this chart ordinarily suggest that EML is at a "Make or Break" juncture. This is not a EML specific question, but more if i am reading the chart correctly. Thanking you both in advance
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Last
$3.04 |
Change
-0.040(1.30%) |
Mkt cap ! $3.929B |
Open | High | Low | Value | Volume |
$3.03 | $3.09 | $2.99 | $36.13M | 11.88M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | $3.03 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.04 | 194065 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 3.030 |
2 | 211000 | 3.010 |
16 | 158861 | 3.000 |
9 | 170980 | 2.990 |
13 | 108214 | 2.980 |
Price($) | Vol. | No. |
---|---|---|
3.040 | 194065 | 3 |
3.050 | 53043 | 4 |
3.060 | 16900 | 2 |
3.070 | 107550 | 10 |
3.080 | 116823 | 10 |
Last trade - 16.10pm 08/07/2025 (20 minute delay) ? |
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