Lowest Lows for Embraer

Apr 27, 2020

Foresee an even lower low for Embraer ERJ as per the trend/fibo projection.

– Stock below moving average;
– Fibonacci levels past 100%;
– Downtrend without reverse signal;
– High Volume;

• If below 5.81, it may test new supports at up to 3.50.
  
• If above, it may try to keep oscillating below 7.80 and maybe 9.11 until regaining force; RSI is currently too low;
  

May 9, 2020

Trade active

Positioned with an average cost/share of $5.01.