Emerita Resources Corp V.EMO

$EMO - fyi ..! from CEO.CA, thx @thesunshinekid !!

[cool888]

 

@thesunshinekid $EMO Daily chart updated / BREAK OUT already occurred with the Bearish Fibonacci Fan / RSI is strong and Bull Flagging / volume low low low and NVI negative volume index remains neutral as smart money showing little signs of selling or buying. VERY close to a Break-Out and confirmation a bottom was put in. Bull flagging since the recent top as the consolidation box appears to be ready for another impulse move breaking UP out of the pennant continuation pattern back into the direction of the trend. A breakout up and over the RED Fibonacci Resistance ARC should be seen as very Bullish as it is the last FIB resistance hurdle in this bottoming process. A GOLDEN CROSS is not far off as both the 200 day MA and the 50 day MA are driving toward each other quickly now. A WEEKLY closing candle over 55C should confirm a new emerging Bullish longer term trading pattern. The MONTHLY chart SAR has moved into position and is ready to be attacked LIKELY in January where $EMO SP trips the long term trend from Bearish to Bullish signaling a new trading pattern can commence. Currently LONG a 1/2 position limit at present. A very positive development N/R could really get the juices flowing here going into 2024. Good luck fellas!

https://schrts.co/QMMaeJzY

 

@thesunshinekid $EMO Daily chart updated / BREAK OUT already occurred with the Bearish Fibonacci Fan / RSI is strong and Bull Flagging / volume low low low and NVI negative volume index remains neutral as smart money showing little signs of selling or buying. VERY close to a Break-Out and confirmation a bottom was put in. Bull flagging since the recent top as the consolidation box appears to be ready for another impulse move breaking UP out of the pennant continuation pattern back into the direction of the trend. A breakout up and over the RED Fibonacci Resistance ARC should be seen as very Bullish as it is the last FIB resistance hurdle in this bottoming process. A GOLDEN CROSS is not far off as both the 200 day MA and the 50 day MA are driving toward each other quickly now. A WEEKLY closing candle over 55C should confirm a new emerging Bullish longer term trading pattern. The MONTHLY chart SAR has moved into position and is ready to be attacked LIKELY in January where $EMO SP trips the long term trend from Bearish to Bullish signaling a new trading pattern can commence. Currently LONG a 1/2 position limit at present. A very positive development N/R could really get the juices flowing here going into 2024. Good luck fellas!