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Emmis Communications Corp. Message Board

  • hoosiertrader hoosiertrader Sep 5, 2013 7:44 PM Flag

    A little TandA for those interested

    Here is a good look at a chart. Notice the hockey stick followed by what I think is the final formation of a cup & handle? I know charts mean nothing to some, but it is one tool to use. Notice the purple line? Then take a look at the blue line. We broke below the blue line for second then recovered. We also broke above the purple line twice. I know it looks like it broke the upper line 3 times, actually it did.. I would say not really. I think that was just a breakout from the $2.50 level. Basically what I'm saying is if it breaks that purple line for a 3rd time I believe we move higher.


    Fix the link replace the zero. I think it's a Yahoo thing.

    I just call it like I see it. Don't listen to me though, I have been told I don't know ---_ well you know the rest.


    Sentiment: Strong Buy

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    • Lets see what she does. It could very well break out once again.



      Sentiment: Strong Buy

    • lpe1108 Sep 6, 2013 11:46 AM Flag

      I love the chart as well. Weekly looks very good too, high tight flag with low descending volume (aside from last week though, UNUSUAL high volume). To me, 3.31 is the true resistance for this stock, using the weekly numbers in the beginning of August. Though the price breakout last week tested that resistance, it still closed within its tight close range. I believe the NEXT time shares breakout, it should sustain past 3.31. With comps from 2Q 2013 looking ideal, the potential of this stock breaking out positively is pretty high (in my opinion, at least). Thanks for the link!

      Sentiment: Buy

3.70-0.06(-1.60%)Oct 26 4:00 PMEDT