A 20k buy came on the books out of nowhere. Maybe some new incoming. The stock has retraced approx. 80% and previous high. In the past the FIB 127 extension seems to be achieved off the back of news. The MACD Crossover is imminent.
Resource upgrade to come
Finance deals & DFS in H1 2020
Between 3p - 3.3p is an absolute bargain price where fundamentals make it undervalued
Also we got 200ma at 3.05p
Also we got 786 fibs at 3.11p
Also closing previous gap at 3.16p
Also got RSI support level at 3.3p
Target Price 6.2p
EML having a nice retrace before next leg.
Really like this company but not holding shares at moment but keeping an eye on.
I see 2 areas for scaling in:
2.8p-3p where previous Supply / Demand was previously