Technical analysis on EGYFAs it continues developing nano-sensor based applications powered by AI, Energy Finders, Inc.(OTC: EGYF) plans to capitalize on energy, environment and critical infrastructure applications. Aside from its ventures, investors are bullish on EGYF’s CEO Mohammed Zulfiquar’s given his experience and solid plans to uplist. In light of this and a number of other catalysts, EGYF is shaping up to be one of the most promising penny stocks of 2022.
EGYF is currently trading at $.1694 and shows a main resistance at .19 and a support near .15. Since releasing its Q4 report and regaining Pink Current Status, EGYF’s accumulation has been rising steadily with many investors bullish on the company’s future plans. The MACD is bearish but approaching a crossover. The RSI is resting at 50 after fluctuating between oversold and overbought. Moving on low volume, EGYF is particularly volatile thanks to its low float. As the company releases press releases and more updates regarding its business model, EGYF will likely break through its current channel between .13 and .20. Looking at the stock’s performance since November, EGYF has increased roughly 365% in anticipation of the company’s plans. With this in mind, now could be a good entry point ahead of EGYF’s potential breakout.
