Three important things to consider is mentioned in the chart... ASX:EML
Possible continuation of the long term ascending triangle plus a gap fill on the weekly chart. See chart for comments.
EML after making a high in late April, it plummeted hard. Since it found support, the recent price action looks like a dead cat bounce. This price action does not give confidence and there could be one more leg down in the cards. It has very strong support at $2.60 level where I have my Buy Zone (between $2.60 and $2.80). I may buy near my Buy Zone after bullish...
we see the big gap because of some money laundry news about this company but the share price in the uptrend and it can achieve top price again . be patient
EML, looking to hv a major breakout with n all time high, ALBB activated and with UK opening up this has potential.
EML is an ASX listed stock in the By Now Pay Later space which has recently seen a lot of chatter. Looking at the chart, the stock appeared to be in a long period of consolidation between early May 2020 to December 2020, with price mostly below the 200 day MA during this time. A break out from the consolidation range looks to have occurred during the first week...
Key Technicals - Bull flag, buy on bullish candle breakout of flag. Key Fundamentals - Expecting 50% revenue growth + Rotation of money into recovey stocks + Leading innovation in the payments space. www.asx.com.au
Bullish Confirmation Indications Recent price action has confirmed a reversal by forming a higher highs. 1. Price has formed higher highs 2. It has formed a Golden Cross 3. After forming a Higher High, price failed to continue upwards and is now pulling back 4. This pull back has come down and has entered in the Buy Zone and Fib retracement zone of( 50% -...
Having formed an inverted H&S pattern, it is around the neckline & the previous high. A break of $4.25 zone & a successful retest will be bullish
In at 3.12, was down a few hundred but decided to hold as the fundamentals look good and as covid-19 fucked off and the economy opened up the recovery of EML is inevitable. I will be moving my stop up to break even asap. Looking to see if it breaks the down trend and breaks the 3.85 resistance.
Down trend has stopped. Be a smart investor, we need to ignore all the fake news and trust yourself on some traditional and basic technical analysis ASX:EML
everyone knows that history will repeat ASX:EML
If you ask me the basic technical analysis, EML is not yet back to the uptrend. But i am still very confident for EML in in long term, as it's back to above 50 days SMA. Previous EML has been so well when you look at last few years. Most time seating positive above 50 days SMA EML symbol="ASX:EML"]ASX:EML
ASX:EML EML Payments Limited (EML, formerly Emerchants Limited) are the provider of payment solutions in Australia offering payment technology solutions for payouts, gifts, incentives and rewards, and supplier payments. EML issues mobile, virtual and physical card solutions to some of the corporate brands around the world, and manages more than 1200 programs...
I like EML fundamentally, and the chart looks bullish. However, I'm hesitant to get in on this one as the bullish C&H pattern inside the trend suggests the run up could be slowing.