We can see higher lows being formed as well a resistance being hit, I have identified the false breakout but will keep an eye on volume as this could see a run up to a previous resistance if we do see a break of the triangle pattern.
The EnFocus™ platform—with LED lamps and wall switches—leverages existing wiring to provide dimming (EnFocus™ DM Series) and color tuning controls (EnFocus™ DCT Series) to provide a controlled lighting system that is affordable and accessible for existing buildings.
Be careful however since SPY may slide and is in for a 10% correction NASDAQ:EFOI
BREAKOUT STOCK ALERT
$EFOI - Energy Focus, Inc. - Common Stock Status Alert: Deficient
Initial Alert Price: $4.88
Potential Price: $7.36
Potential Gains: 5082%
Stop Loss Limit: $4.64
Looking for a $7.36 Swing and Retest of those Resistance Levels with EFOI. The stock has confirmed the completion of consolidation from it's most recent breakout to the $11.60 Price...
Description on chart.
NASDAQ:EFOI
Follow-up to previous idea.
May present great short idea for pullback to levels indicated within the bright-green dashed lines.
Use risk management and a stoploss, always!
Cheers!
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...
Energy Focus, Inc. engages in the design, development, and manufacture of energy-efficient lighting systems. It operates through the marketing and sale of commercial, industrial, and military maritime lighting products and research and development services. The company was founded in 1985 and is headquartered in Solon, OH.
NASDAQ
