EFE looks set to break the current downtrend line over the next week or so.
It looks like EFE is resisting to go below 0.7c which is a positive sign.
The 0.7c line could be the new support for the share price to reverse off.
I reckon the share price could go to a short term high of 2.4c which is the 261.8% fib extension.
0 trades so far today, which indicates to me that those willing to sell at 0.7c is generally finishing. There is a standoff occurring at the moment between buyers and sellers, the possible break upwards should be interesting.
If my long term analysis is correct, EFE looks like it has a lot of potential.
Add to My Watchlist
What is My Watchlist?
