NASDAQ:EM - Nasdaq - US83193E1029 - ADR - Currency: USD
We assign a technical rating of 3 out of 10 to EM. In the last year, EM was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
Although the technical rating is bad, EM does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 1.09. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for EM in the last couple of days, which is a good sign.
0.93
4 important support areas can be observed.
When analyzing the resistance we notice 2 important areas.
NASDAQ:EM (5/14/2025, 4:05:07 PM)
1.11
+0.02 (+1.83%)