ERJ recently announced their earning reports which showed to be much more negative than expected. Even as price started reaching up towards the 2.618 fib level we start to see selling volume pick up. Initially I was just aiming to look at the 10% retraction but we saw that just before earning report. We are seeing continued negative push starting the week to the...
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...
this is the second attempt to enter Embr3, in what could be a wave (1) of a Cycle wave V (or Cycle X). entering at end of wave 4 (23.34) with TP at 24.47.
