NASDAQ:EM - Nasdaq - US83193E1029 - ADR - Currency: USD
Overall EM gets a technical rating of 3 out of 10. EM was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
Although the technical rating is bad, EM does present a nice setup opportunity. Prices have been consolidating lately. 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. There is a support zone below the current price at 1.03, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for EM in the last couple of days, which is a good sign.
0.93
We found 3 important support areas.
We can see 3 important resistance areas.
1.09
-0.03 (-2.68%)