Emerchants

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Continuation of the overbought CCI signal for EML.AX

Continuation of the overbought CCI signal for EML.AX

[BEARISH]: Emerchants (ASX:EML) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 221. The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 410.

Emerchants: Camarilla Pivot ($2.51)

Emerchants current pivot point Camarilla is: $2.51. The current resistance levels are: (R1) $2.759: (R2) $2.968: (R3) $3.178: (R4) $3.805The current support levels are: (S1) $2.341: (S2) $2.132: (S3) $1.923: (S4) $1.295

Open/close reversal confirmed for Emerchants signalling the buyers were in control all day.

Open/close reversal confirmed for Emerchants signalling the buyers were in control all day.

[BULLISH STRONG]: Emerchants opened in the lower part of daily range at 21.4% & closed in the upper part of the trading range at 92.9%. This suggests the buyers were in control all day. Over the last 12 months there has been 0 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 0%. Over the last month there has been 0 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 0%.

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