Reasons for bullish bias:
- Price gave breakout of ascending triangle
- Price moving in bull trend
- Targets till projection
Entry Level: 109.00
Stop Loss Level: 90.31
Take Profit Level 1: 127.69
Take Profit Level 2: 162.52
Take Profit Level 3: Open
NYSE:EMR
Head and Shoulders Pattern: The chart appears to be forming an "Inverse Head and Shoulders" pattern. This pattern is generally considered a bullish reversal pattern that signifies a change in the trend from downward to upward.
If Emerson Electric Company's stock price surpasses the bullish line located roughly at $97.19:
Bullish Target Price 1:...
Emerson is half way into the cycle with price target ranging from $93 to $96. I expect earnings to be good, but the recent indication for a hostile acquisition might overshadow the ER. I believe this will trend in a range until mid March when this could start its next leg up.
Disclaimer: My opinion on stocks are mine alone and not to be taken as Investment advice.
I'm not long on everything :-)
Emerson failed to hold support. Look for it to come back up to confirm support is now resistance and pursue an entry if the candles are showing bearish. The stop is above the previous block with the target down to the 618 of the last run which also appears to be a historical support area.
The PEAD projected a Bullish outlook for $EMR after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 81.82%.
The PEAD projected a Bullish outlook for $EMR after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 75%.
Potential 2Down 2Up Weekly Reversal For EMR : Per the Strat, this week I'm watching ticker EMR (Emerson Electric Co) for a weekly entry trigger at 97.77 (last weeks high). If that trigger is met, I'll look for it to reach a magnitude of 101.30 (week before last weeks high). If it can reach magnitude, then it could also continue up to previous highs. Just look out...
Absolutely long on this one too,
price is moving across MA 20 smoothly
in red MA50 and yellow the MA 100
That ´s another that i have detected, in very good shape. as MOS (related ideas based on best sector for the weak and upward trends)
as always invest at your own risk take care
and look for more information
Good Lick to all
Charlie
NYSE:EMR
Anticipating an explosive move on the upside. NYSE:EMR is trading above the 500EMA, and is at an area of value (resistance level). A break above this resistance will be interesting!
Have a buy stop at $93.40
The PEAD projected a Bearish outlook for $EMR after a Positive under reaction following its earnings release placing the stock in drift A
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Hey traders, EMERSON ELECTRIC is very interesting, high sales volume execute, the market could push to see breaking its range due to the distribution of buyers.
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