EFX trade ideas
EFX share exchange rate update...EFX share exchange rate update. The company had problems with data handling due to an external hacker attack. This news changes the investors' vision for a company over a longer period of time. It can also be seen as a complete change in the technical image. That's why we have to plan commercial strategies. The main trend will change. For several months the expected main direction of movement is decreasing. Therefore, every upward movement is considered a correction. Back to technical analysis. The downward trend is the fall of two full waves. From the current 113 usd levels, we expect a refund correction up to 130 usd levels. From this level, the second biggest downward wave will start up to 97.71 usd. There are two ATR axis angles on this level. The rise begins to flatten. It is expected to be offset, and by the end of 2018 the exchange rate could rise close to 167 USD. (Analysis was made with wave fracture)
EQUIFAX- SECURITY HACKTHERE SHOULD BE ZERO EXCUSES OR REASONS FOR CREDIT CARD BUREAU'S NOT SECURING PEOPLE'S INFORMATION. *FROM ONE ARTICLE, TOP INSIDER TRADER'S BEFORE THIS ANNOUNCEMENT, DID SELL MILLIONS OF SHARES. THIS WILL GET WORSE, BEFORE IT GETS BETTER RELATED TO FUTURE INVESTIGATIONS. FYI
Going Long on Equifax w/c 11/09 [2017] - TP w/e 18/05 [2018]I think the Bullish candle of w/e 08/09 suggests huge-but-volatile growth until w/e 18/05; there's been a ~10-month pattern over the past 2 years from Jan-Oct 2016 and Dec-Sep 2017 so a trade from Sep-May and nothing longer is something I'm happy to do. I suggest climbing aboard w/c 11/09 and pending the outcome of the following reports (see below) and Q1/Q2 2018 results should have proved a nice investment, jumping out w/e 18/05 or w/c 21/05 is suggested:
10/25/17: Q3 2017 Earnings Release (Projected);
02/07/18: FY 2017 Earnings Release (Projected);
The above results information came from the following page: www.4-traders.com
EFX sideways movement with correction...EFX sideways movement with correction. The exchange rate is rising in the longer term. You can start a steady increase from the correction level of 135.71 usd. Starting from this level, a multi-week rise is expected, with a target of 155 usd.
EFX approaching $100EFX has been in a pretty good trend since 2012. There have been a few pullbacks which would have been too deep to wait out. But more recently it looks like price has begun to trend again quite nicely.
As yet we are not seeing a good linear trend. After the fake breakout below the 200sma on the daily chart (October 2014), however, the daily 50sma has provided good support.
Since the earning announcement last month (April) price gapped up and pulled back slightly - but this time staying well clear of the 50sma. The pullback was short and neat, suggesting further momentum to the upside.
However, this stock has not yet proved it can produce good linear trends for prolonged periods. With the $100 figure imminent I will be waiting a little longer to see how the trend develops. With my style of trading I prefer to wait for really good trends to emerge then trade them for weeks, months, or even years.
