EFOI Losing Focus. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
EFOI
Energy Focus to hit another big one. EFOIWe are sure the run on this one is not yet finished and are bullish on this stock. The fractal picture fits this stance, and also we are somewhat reassured by the projected bullish outlook on the SNP500.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
Too Much Potential - Short Squeeze - 50%+ Possible GainsEnergy Focus, Inc., together with its subsidiaries, designs, develops, manufactures, markets, and sells energy-efficient lighting systems in the United States and internationally. It offers military maritime LED lighting products, such as Military Intellitube, globe lights, berth lights, and fixtures, as well as Invisitube ultra-low EMI tubular LED (TLED) and LED retrofit kits to serve the United States navy and allied foreign navies. The company also provides commercial products comprising direct-wire TLED replacements for linear fluorescent lamps; RedCap emergency battery backup TLEDs; EnFocus lighting platform, including dimming and color tuning; LED fixtures for fluorescent replacement or high-intensity discharge replacement in low-bay and high-bay applications; LED downlights; LED dock lights; LED vapor tight lighting fixtures; and LED retrofit kits. It sells its products to military maritime, industrial, and general commercial markets through direct sales employees, independent sales representatives, electrical and lighting contractors, and distributors. The company was formerly known as Fiberstars, Inc. and changed its name to Energy Focus, Inc. in May 2007. Energy Focus, Inc. was founded in 1985 and is headquartered in Solon, Ohio.
Not Financial Advice - Just perfecting a process... At the time of this posting, I DO own positions in this stock!
Idea:
Price Target 1: 5.26
Price Target 2: 6.26
Price Target 3: 8.86
- Bullish
Pros
MACD crossed - charts
Institutional Ownership - fintel. io
Days to cover short positions are decreasing - fintel. io
Borrow interest rate to short this stock is OVER 100%+
Cons:
Hmmnnnn...
Not Financial Advice - Just perfecting a process... Do you own due diligence before investing!
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EFOI - Fallen angel pattern Long from $2.37 to $2.67EFOI 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 updates. (Note: Trade update is little delayed here.)
EFOI BREAKING THE DAILY FALLING WEDGE DRIVEN BY NEWS?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 entire family of Energy Focus 2-ft. tubular LEDS (TLEDs) and fixtures for use on new ship construction."
EFOI- potential long 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-
www.youtube.com
Time Span: 9:40"
Trade Status: Pending