EMH Showing nice channel action. Looking for a bounce off lower trend line. Will wait for bullish signal confirmation either from price action, MACD cross or volume spike. Alert set for 1.6 as an entry.
First taregt would be middle of channel approx 1.82 then up to the top of channel approx 2.09 - 2.165
This is not financial advice and is intended for educational...
After EMH.AX hit channel resistance at AUD$0.68, a hanging man candlestick pattern formed with the assistance of Stochastic overbought signal.
I will wait for the price falls to Fib Retracement 23.6% intersect Fib Fan 50%. Therefore the better price to be noted is $0.56 or otherwise the horizontal support at $0.51
EMH.AX is my favourite Lithium mining stock
