EFIR retests long term trend
EFIR is currently in an ascending triangle formation. (In general, an ascending triangle is a bullish sign.) Yesterday (June 16 2021), the stock almost touched the lower trend line. In addition, volume increased in the last few days (bullish divergence).
In my opinion, this is a perfect entry for a long position. Consider this a high risk trade and be aware that a tight stop loss won't make any sense when trading this stock.
Good luck!
In my opinion, this is a perfect entry for a long position. Consider this a high risk trade and be aware that a tight stop loss won't make any sense when trading this stock.
Good luck!
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