The goldies have been moving recently but Emerald Resources has been somewhat resistant. It doesn't get as much attention as it deserves on the ASX but there's a lot to like about this company. All that changed this week, with EMR painting a strong weekly bar. Money Flow is off the charts and I'm happy with the Stochastics setup here. It's nice when you get a chart showing clean moves like this.
Price is moving out of it's point of Control. You could label the corrections as a Heads and shoulders pattern with a measured move to $1.60ish. Either way, EMR is probing for blue sky. Long may she run.
Price is moving out of it's point of Control. You could label the corrections as a Heads and shoulders pattern with a measured move to $1.60ish. Either way, EMR is probing for blue sky. Long may she run.
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