Friday, February 4, 2011

EMKR - Double top breakout and 5x monthly trading volume make a strong bullish case

EMKR shows the most promising set up for Monday trading session. 
There is Double Top Breakout pattern on P&F chart. Bullish price objective: $3.88.
Also, if you look at 3-min bar chart, volume that pushed EMKR to new record high unseen since 11/30/2008 was outstanding  (5x of its monthly average). 3-min chart last 30 min shows strong buying interest from traders which is expected to continue on Monday, Feb 7



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