EFuel EFN Corp (EFLN)

[Oz the OK]

If you look at the daily chart, we are forming a perfect flag formation over the past 5 trading sessions. As the lower highs and higher lows converge, there is normally a breakout after they get squeezed to that point. That breakout could occur in a day or two.

It should breakout to the upside, but on rare occasions a downside breakout occurs also. It sometimes just does nothing, and continues to trade sideways. When this happens, it nullifies the previous flag formation and you then have to look for a new pattern to be established.

Personally, I'm in favor of the upside breakout.