Simple chart.. broke out rejected at GP, Now retesting the trendline. probably another move incoming
Keep 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
This 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.
Simple 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 !
Three important things to consider is mentioned in the chart... ASX:EML
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...
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% -...
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...
A 20k buy came on the books out of nowhere. Maybe some new incoming. The stock has retraced approx. 80% and previous high. In the past the FIB 127 extension seems to be achieved off the back of news. The MACD Crossover is imminent.
The prediction shares price target around five per cent, to $3.42, or ten per cent at $3.60. Entry level between $3.10 to $3.25. Business Summary. 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...
$1million XT at 1130, not shown in volume, big potential