EMLSimple chart.. broke out rejected at GP, Now retesting the trendline. probably another move incoming
Trade ideas
EMLKeep a very close eye on this counter. It is grooming to a big breakout very soon... close above 4.6 will turn the counter towards bullish side.
Note that all the MAs are converging together
Tight consolidation following a good quarterThis penny stock has been consolidating for several weeks following an excellent quarter where the company reported an EPS of 0.54 driven by strong top-line and margin growth. Repetitive performance will warrant a rerating and a strong momentum upwards in the counter.
EMLSimple chart.. prices and SMAs are converging. A definite big move on the ways.. Mark your stops along lower trend line as well as your entries.
have at it !
