EMP reached the Kijun Sen line last Wednesday and relaxed for two days ina row showing two Doji candlesticks. This is a healty correction since RSI on daily chart is already at the overbought level. We might see some more selling pressure but I think the 10.77 is now our support. This is where our 50% Fibonacci Retracement level and Kijun Sen line based on weekly chart. It has been observed that this line act as resistance two weeks ago and the recent week broke it thus making it our newly found support. Current resistance is at 11.18
Caveat!
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