EFII seems broken out of a triangle formation and money flow increased nicely. However it has a strong resistance overhead. If it can break the resistance, it will break the 200 days moving average as well & it should continue upward. We are keeping it in the watch to see if it can break them.
* Trade Criteria *
Date First Found- May 7, 2018
¡Support is not broken yet! and why I share this idea? If my methodology consist in confirmed breakout of support and resistance levels from a weekly view
One thing is to make stock price forecasting models and other is act with the price based in the actual market conditions AKA Price Action.
Then I put this ideas in the desk of the traders and they put it in...
There are 4 main signals for bulls' movement within rising channel:
2- two double bottoms
3- flag with breakout
4-wide-diapason upbar with high volume
Buy current price 43.80-44.00
Stop loss 42.62 (low of current fractal)
Risk/return ratio 1:5