EFOI Seems forming a fallen angel formation with great moneyflow divergence. It has good upside potential, If it can break above its resistance label around $2.37
* Trade Criteria *
Date First Found- July 26, 2017
Pattern/Why- Fallen angel
Entry Target Criteria- Break of $2.37
Exit Target Criteria- $2.67
Stop Loss Criteria- $2.13
Please check back for Trade...
EFOI is breaking a long term daily falling wedge, probably driven by a good news for the company. I'm looking for one more wave up for this one. This is the news: "SOLON, Ohio, Sept. 29, 2016 (GLOBE NEWSWIRE) -- Energy Focus, Inc. (NASDAQ:EFOI), a leader in LED lighting technologies, today announced that the U.S. Navy Naval Sea Systems Command has qualified the...
EFOI had decline with earning report & it continued the decline holding below EMA lines for last 3 week. Recently it is showing some strength & making nice rounding bottom. It also had some insider buying few months back. We think it will go up now.
You can check our detailed analysis on EFOI in the trading room/ Executive summary link here-
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Time...
EFOI slimb high after news of a big contract last week. But profit taking has been taking its tool on the previous up trend.
A bearish piercing candle, confirmed, appeared on Friday. This reversed the trend.
We also had a gap up last week with the good news. EFOI is currently on its way to fill this gap.
Target no1 would be to fill the gap first, but this leads to...
