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.
EFE Charts
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 (20min delay)
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.209M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $1.251K | 250.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 12628629 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 3156495 | 11 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| EFE (ASX) Chart |