EMV's price broke above resistance 2 weeks ago suggesting a target of $3.50 from a classic resistance break pattern.

EMV 16Apr21

19 February 2021

Price failed to bounce off the lower boundary of the price channel and while last weeks candle closed above its midpoint (suggesting price could rise next week), EMV has been removed from my Stocks to Watch as its direction is less certain.

29 January 2021

EMV caught my eye. After a stellar rise from March to November, price fell 32% before rising a little and then retesting the previous lows. Price actually made a new low 2 weeks ago (importantly, not closing at a new low) but appears to be trying to rise from that level which is a level of support. There is a reasonable chance that price will rise to eventually make new highs above $4.20. As always the change in trend needs to be confirmed before buying.

EMV 29Jan21


Robert Norman

Phone: 0428 346 951
Email: robert@sharecharting.com.au

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