The full view ESRSEzz Fadel Steel has a small last rise before the large drop of the strong support area below, as shown in the shaded area, and this will be a large gathering area for a large annual rise later
Possible Reversal OCDIOn the daily intervals it showed a doiji that formed which means that there is buying power that brought price up from support @ 11.493 to to 12.30, the market will start down then will possibly reverse and start increasing hopefully
this is not a trading advice nor a financial one , would love to know what you think
The decline is in controlTwo downward corrective waves have been completed and one final downward wave is left to complete three historical downward corrective waves.
Landing expectedA historical compound rise was made in three waves, followed by a historical correction in three other waves, and we are currently in the second wave nearing its end, and a third and final wave will descend in order for the historical correction to complete and a new impulse to rise at that time.
Weekly Technical Analysis For EFIHTHIS IS NOT AN INVESTING ADVICE, I AM ONLY SHARING MY THOUGHTS, AND WOULD LOVE TO HEAR YOURS
The stock is showing mixed signals, so it may not be a great thing to buy at this time, this is my own opinion. BUT their is hope to a bullish happening soon. i think that if it stayed above the trendline and above the support @ 18.2, this may be a good sign that the stock is regaining strength.