Brown.Michael.6

EMC corp trend break.

Short
NYSE:EMC   None
1
the short term up trend on the 4hr has been broken, to continue to the downside. using the fib extension to the 1.618 gives a price target of 22.27. with consolation on the last few hours i see a break though the lows of the resent candle a sign that this will go down and with a stop at the trend line offers a R:R of 1:2.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.