What EMH needs right now is a steady flow of news to snap this setup into a good run. The run will likely run out of momentum at the previous support levels, around .500-.600, where additional sellers should reappear to reduce their exposure/loss selling.
Unfortunately, due to recent purchases from the BOD I am not sure how likely it is that any material news are going to be released.
The way that EMH manages affairs - I swear you couldn't make this stuff up, just always the worst timing. I really hope they do not end up wasting the Li cycle bounce that is incoming.
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