2 Stocks Due For A Pullback

By Jeff Pierce

EMES put in a very bearish weekly candle today, taking out all of last weeks gains. This stock will likely see the low $90′s before $150, but all is not lost for the bulls. I do believe they will see their day again. Watch for a pullback down below $100 and/or a RSI pullback down near 40. Whichever comes first is where I would start legging into this stock. Yes it's a long fall, but this stocks RSI has never been below 70 so it needs to spend some time down there to work off this overbought state.

This is the “stick a fork in it” candidate of the week. You are witnessing a blow off top here in the making, but just like the stock above this will eventually see new highs. This is just a mid term topping pattern playing out. The RSI is at a ridiculous level of 95.29. Now I wouldn't short this stock as I never short strength, but if you aren't taking your profits you are just plain greedy.

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Since inception of July 2013

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