Matt M.

Has Embraer Hit Bottom?

Could be a well-timed post from a pattern standpoint. I bought shares at $27 on Tuesday after getting a 3 box reversal up from a long tail down, which is 20 consecutive boxes (point & figure). So perhaps the supply has exhausted itself. This has been a very profitable pattern for me over the past 10 years....could easily trade to 32-33 near term. 25 is my stop loss.