EMC Chart, page-817

• Double bottom correction confirmation on the 21st
• Squeeze Momentum showing bull trend near
• Bollinger Bands tightening (Yes please)
• Resistance level is at 90.5 (Orange Line)
• %R showing minor overbought
• 200 Day moving average approaching price bottom's (74.5 : 76)

My take... I would like to see some sideways motion from this resistance line before testing a breakout along with further tightening of the BB's and longer MA trend-lines met.





I should also add, I believe some individuals were raising the fear of Escrow Shares being the catalyst for sell down/off.

As this appears to be a non-event as a few excellent posters on EMC had stated would be the case, we are likely seeing buyers who thought they could snake some cheap escrow released shares on market now buying at higher prices due to the lack of volume.