Based on the stronger upward trend in the lows since the breach, after the tip of the triangle is met, I believe the stock will surge to around 225. I am supporting this analysis by the following: -the stochastics just crossed -MACD looks like it is going to cross soon -There was already a slight dip in the RSI This is my first chart so let me...
I'm guessing that EFX will do what's drawn on the screen. Of course, pure guess. Volatility is 'low' and if you were to play EFX, any nice and sizeable gap, the trend should continue in that direction. Could be GREAT for a straddle or strangle if you are into that earnings strategy.
There is absolutely NO upside for this zombie. They trade for 4x SALES and they just said themselves, sales are going to decline because of the breach. Even if I am wrong about them having to file for bankruptcy as a result of all the lawsuits(I don't think I am) they have No upside. SHORT and don't get faked out on any engineered rallies. Going down! Chartsmaster
If you were looking to play something over earnings with a straddle / strangle, this could be it. Small range the last few days. A nice gap in either direction will really cause EFX to move, in my opinion. Depends on how FAR it gaps down. If EFX gaps down TOO far, it will likely get bought up. You could also bracket trade EFX
It isn't surprising that EFX had a 25 point bounce after it crashed. Now that it has worked off the extremely oversold metrics it is ready to resume it's decline. Even if it somehow survives and avoids bankruptcy, it is currently at a market cap of 4x sales. This isn't high tech, and isn't even a growth company. At a minimum it gets cut in half. I still believe...
EFX is looking strong... I have my order in today to get on the trend train. But be cautious, they have many issues to iron out. Some deep pullbacks to be expected, and can be potential opportunities to add to positions.
EFX should breakout of this narrow sideways action for a nice trade either way.
Basically what i said in the title. This is a blue chip for a great price. NOT TA, i dont do that.... Hold for a year at least or until target is reached.
Possum thinks that $110 may be new support level, and it might remain between $110 and $115 for a while. Or it might stay between $100 and $110. Does not know but is guessing. 2nd time making a chart, do not take as advice.
A buddy of mine calls this a zero, but it doesn't need to be for this short to work quite well. Stop ~$115ish....
This company was grossly overvalued to begin with. The breach is fatal. The ship has a hole in it from the iceberg. Whatever strategies, contingencies, personel changes etc. they do won't change the fact that revenues will decline, costs will be enormous and lawsuits will swamp them. They have to declare bankruptcy to even possibly survive in some smaller,...
EFX after multi day bounce off its news we had an exhaustiong gap today. watching for this stock to go red on the day and crack support on 60minute chart and will initiate short position for the next couple days. Ideally a green to red move today will trigger. I an not in yet! Need this to trigger.
Anyone who was long EFX before the breach was announced, and didn't SELL immediately when the news broke, should GET OUT NOW! Traders and speculators should SELL SHORT and or use puts to speculate on the likely future Bankruptcy of this over valued failure! SELL & go short! Chartsmaster