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juniortrader

Trading The Breakdown $EMP.A

Short
EMPIRE CO (TSX:EMP.A)  
juniortrader  
TSX:EMP.A   EMPIRE CO
short shortsetup breakdown support Moving Average Convergence / Divergence (MACD) Relative Strength Index (RSI)
3
0
short shortsetup breakdown support macd relativestrengthindex
Going short on a break of a long term level along with a short term ascending trend line.
- 34EMA has started to turn over, showing a possible change in trend
- RSI showing long term bearish divergence
- MACD bearish and soon to go negative
- Weekly chart looking very bearish

Profit target at the next support level
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