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MicDrop5
Jun 2, 2023 7:14 AM

EMR Long Setup At First Entry Orders, Scattered Across The Zone. Long

Emerson Electric CompanyNYSE

Description

The opposite end of a swing can give clues as to what to expect is likely from price action at a zone.
Comments
phowops
Nice analysis. You brought my attention to this stock. It’s in an uptrend, clearly seen from the monthly. So I also will be looking to buy. However I do have concerns at your buy zone. Price May react at that zone but personally, I will create a counter trend line and wait for a break above it. Then a slight pullback on daily or 4HR TF to buy it. Then my SL will be smaller than yours because of this approach. Your profit targets are perfect! Once again, I love your analysis. Cheers
MicDrop5
@phowops, thank you. My position is in profit and stop moved to entry.
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