E1MR34 trade ideas
EMR | InformativeNYSE:EMR
Head and Shoulders Pattern: The chart appears to be forming an "Inverse Head and Shoulders" pattern. This pattern is generally considered a bullish reversal pattern that signifies a change in the trend from downward to upward.
If Emerson Electric Company's stock price surpasses the bullish line located roughly at $97.19:
Bullish Target Price 1: $97.93, identified by the horizontal line drawn around that level, can act as a resistance point.
Bullish Target Price 2: $99.00, a more ambitious target point based on the pattern's potential completion.
Conversely, if the stock price falls below the bearish line located at $96.19:
Bearish Target Price 1: $94.75, which could act as a support level based on the previous low point (Right Shoulder).
Bearish Target Price 2: $93.26, a deeper support that could be reached if bearish momentum is strong.
EMR showing upside potentialEmerson is half way into the cycle with price target ranging from $93 to $96. I expect earnings to be good, but the recent indication for a hostile acquisition might overshadow the ER. I believe this will trend in a range until mid March when this could start its next leg up.
Disclaimer: My opinion on stocks are mine alone and not to be taken as Investment advice.
Emerson - Short term SHORT I'm not long on everything :-)
Emerson failed to hold support. Look for it to come back up to confirm support is now resistance and pursue an entry if the candles are showing bearish. The stop is above the previous block with the target down to the 618 of the last run which also appears to be a historical support area.
Potential 2Down 2Up Weekly Reversal For EMR Potential 2Down 2Up Weekly Reversal For EMR : Per the Strat, this week I'm watching ticker EMR (Emerson Electric Co) for a weekly entry trigger at 97.77 (last weeks high). If that trigger is met, I'll look for it to reach a magnitude of 101.30 (week before last weeks high). If it can reach magnitude, then it could also continue up to previous highs. Just look out for a reversal after the original 101.30 magnitude.
EMR EMERSON (sleepy giant)Absolutely long on this one too,
price is moving across MA 20 smoothly
in red MA50 and yellow the MA 100
That ´s another that i have detected, in very good shape. as MOS (related ideas based on best sector for the weak and upward trends)
as always invest at your own risk take care
and look for more information
Good Lick to all
Charlie
$EMR with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $EMR after a Positive under reaction following its earnings release placing the stock in drift A
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.