Lowest Lows for Embraer Short

Embraer S.A.NYSE

Description

⋅ Apr 27, 2020 1:33 AM

Foresee an even lower low for Embraer NYSE:ERJ as per the trend/fibo projection.

– Stock below moving average;
– Fibonacci levels past 100%;
– Downtrend without reverse signal;
– High Volume;

If below 5.81, it may test new supports at up to 3.50.
If above, it may try to keep oscillating below 7.80 and maybe 9.11 until regaining force; RSI is currently too low;

Trade active

⋅ May 9, 2020 4:52 AM

Positioned with an average cost/share of $5.01.

Comments

cosmo707

⋅ Apr 27, 2020 11:56 AM

thank you. What do you think, when ERJ will regaining force?