EMR | Informative

shkspr Updated   
NYSE:EMR   Emerson Electric Company

Head and Shoulders Pattern: The chart appears to be forming an "Inverse Head and Shoulders" pattern. This pattern is generally considered a bullish reversal pattern that signifies a change in the trend from downward to upward.

If Emerson Electric Company's stock price surpasses the bullish line located roughly at $97.19:

Bullish Target Price 1: $97.93, identified by the horizontal line drawn around that level, can act as a resistance point.
Bullish Target Price 2: $99.00, a more ambitious target point based on the pattern's potential completion.
Conversely, if the stock price falls below the bearish line located at $96.19:

Bearish Target Price 1: $94.75, which could act as a support level based on the previous low point (Right Shoulder).
Bearish Target Price 2: $93.26, a deeper support that could be reached if bearish momentum is strong.
Trade closed: target reached

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