Chart-ed this last night, and told myself to look for opportunity for entry. However, today's work was too much, and by the time I am free, the market is already closed. While EMS energy ended on 0.063, the day high was 0.066. Could easily have gone in get myself a 6-9% gain just in a day. But as the saying goes, opportunity are abundance, it is just about knowing where to look.
I will take another look at the chart later to see if there are potential for more upside. Will update here if there is!
UPDATE!
As promised, I chart-ed again on EMS after its' gain today. I feel there there is still potential for upside, if the price action is able to overcome the immediate resistance of 50ma at 0.066. the next resistance level will then be at 0.070 being the upper bound of the current price it is ranging from.
Stochastic crossover is strong and pulling away from its D-signal. This indicting further potential for upside. MACD is crossing its center line, means that upside momentum is increasing. There is also an increase in the share's volume showing that things might start to get interesting. If coupled together with tight stop loss, there should be minimum downside risk, and a chance for short-term gain.
P/S: Charisma energy is the other stock to look out for. :)
No comments:
Post a Comment