The decline is in controlTwo downward corrective waves have been completed and one final downward wave is left to complete three historical downward corrective waves.
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