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;
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;
Trade active:
Positioned with an average cost/share of $5.01.