EMC Chart, page-1006

Not the best day in the market, However, a few positive points I would like to point out.

1. Strong buy side above 80c, support looking to have moved up to around 82c.
2. Holding above 82c proving higher lows - bullish (should lead to higher highs)
3. Sell side still looking as thin as ever (besides those 1 mil share at 1.08, 1.18) - points to long term holders not willing to give up shares cheaply.
4. Big buyers lerking, wiping out lines around 84c as seen this morning, only a matter of time till it pops.
5. Upwards trend still in tact.
6. Today the trend line was tested for a 2nd time and held nicely (bullish outlook), should bounce off it tomorrow. NOTE: Last time it tested the trend line it jumped to new highs as seen below.
7. As we near the end of the quarter, an update/news of some sort is imminent.




Cheers,
L