Update On ERJ
I posted about ERJ on two or three previous occasions. Originally bought under 5. Bought more before an earnings release that wasn’t very good timing. Have patiently waited for this to work out and today it exploded through the 200 day. Notice on the chart, back last month when it made a similiar breakout thru the 50 day. It didn’t fill the gap but did have a few days pullback of about a half a dollar before taking off again. Look for a similiar half a dollar or so pullback if you are looking to enter here. I still believe that this is headed to at least 12 sometime in 2021 and am glad I had patience to wait, even when I am sometimes early.
Beauty !
That’s quite interesting that an aircraft company should be going up in value. I guess one really does need to trust what the chart is saying since I would think the aircraft industry is in serious trouble. Unless there’s a war coming…
Take a look at their ten year outlook on the industry released yesterday.