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 very small RRR"
Target no2, is the August support line. RRR = 2,76 and target price is 4,24$.
We also have lowering volumes, good sign for bears.
A bearish piercing candle, confirmed, appeared on Friday. This reversed the trend.
We also had a gap up last week with the good news. EFOI is currently on its way to fill this gap.
Target no1 would be to fill the gap first, but this leads to very small RRR"
Target no2, is the August support line. RRR = 2,76 and target price is 4,24$.
We also have lowering volumes, good sign for bears.