Emerald Resources (EMR:ASX) Wedge BOHey all, I'm still very new to investing but have seen success with EMR.
I was an investor in Bullseye (BE) who was acquired by Emerald Resources (EMR)
I've been quite a strong believer in gold more recently due to the current world events happening around us and also believe there is some more economic pain to come in the future.
I'm in no way a pessimistic person however whilst looking at the world economy and the possibility of it slowly ticking down and being realised that a sickness resides deep within gold has become more and more popular as a defensive commodity.
So, let's jump into my TA.
I was awarded 8650 shares of EMR valued @ 80c
There is a lot of positive signals in the books and within the graph itself.
I identified a form of wedge and some areas of interest in the forms of the orange lines which act as S/R levels.
I'm currently aiming for $1.6
