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AnishBadwe
Jun 8, 2016 3:37 AM

Go long with Echelon Financial Holdings Long

Description

This is my first post and I am 16, so I am open to criticism.
I think EFH is rebounding of a strong support and is out of a trading range.
I have also indicated using Keltner Channels that the stock is undervalued at the moment. I have kept 90% of the candlesticks between the channels so that a much safer decision is made.
MACD shows us that the weekly trend is positive to go long.
I bought EFH at $12.10 and feel it will make its way up to at least $14 in a few weeks.
I went in when the daily elder force index and stochastic indicated the stock was oversold.

Trade closed: target reached

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