EMTY

EMTY has carved successive higher highs and lows since early June with EMAs stacked upward and RSI in a healthy mid-range. The market is in a Stage 2 advance, reinforcing a medium-term bullish bias, while short-term structure shows price tightly tracking above key moving averages. Immediate resistance around the 24.08–24.16 zone is in focus, and a clean breakout there on rising volume would validate continuation participation. Key support resides near the rising 200-day SMA around 23.43, which must hold to maintain the bullish trend.

• ↑U.S. retail sales fell 0.6% in July, worst in over a year
• ↑Online sales declined 2.2% in July, signaling broad consumer pullback
• ↓Short-term retail promotions or inventory stocking could lift store sales