EFII seems broken out of a triangle formation and money flow increased nicely. However it has a strong resistance overhead. If it can break the resistance, it will break the 200 days moving average as well & it should continue upward. We are keeping it in the watch to see if it can break them.
* Trade Criteria * Date First Found- May 7, 2018 Pattern/Why- Symmetrical Triangle breakout Long Entry Criteria- $33.13 Exit Criteria- Momentum Stop Loss Criteria- N/A Indicator Notes- twiggs moneyflow increase nicely.
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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