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.
Bearish (EFIH)THIS IS NOT AN INVESTING ADVICE, I AM ONLY SHARING MY THOUGHTS, AND WOULD LOVE TO HEAR YOURS IN THE COMMENTS EGX:EFIH
The stock broke the trend line, was supposed to stabilize above 19.5 but did not, so next support @ 18.24. Not good at all until going above the 19.5 and stabilizing above it
Fake BearishTHIS IS NOT A FINANCIAL ADVICE, THIS IS ONLY A PERSONAL OPINION, WOULD LOVE TO HEAR YOURS IN THE COMMENTS
I believe this drop in price is only a correction due to the huge jump from 45 to 47.8. The price broken the trend line and is supposed to have a strong support @ 47.965 and 46.614. The final support before a bearish would be 43.04.
So to conclude i believe that if it continues above 43.04 , this is still a potential bullish sign.
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