EMCORE Corporation (EMKR)

[dmlabuda]

Emcore is really starting to look strong here. I have the 15-minute chart nearly oversold but, the 60-minute chart is just coming off overbought so, when that happens it's generally an indication of a BUll Market scenario on the hourly chart where you will now begin to see frequently overbought readings and few oversold readings. In my opinion, it's going to rally up above $1.16 now perhaps to $1.20. We could see $0.98 before that but, I do not believe the hourly chart will go to completely oversold before that rally gets underway. In my opinion, $0.98 to $1.00 is likely a good entry point. I'm going to try to buy at $0.99. If it goes lower, I'll cost average down. EMKR - 15 min Candlesticks



EMKR - 60 min Candlesticks