Without hyperbole, the giant base pattern that has been formed during the past 26 months in EMC Corp. (EMC) has enormous upside potential. The conservative outlooks calls for upside continuation from the current consolidation atop the 2-year resistance plateau at 18.60/40, that projects to 20.50 to 21.00. The outlier target at 24.00 represents the optimal measured objective off of the 2-year massive base or accumulation pattern. All I know is that unless EMC breaks back under 18.00-17.90, I want to have a presence on the long side.
Originally published on AdviceTrade.com.
