EFuel EFN Corp (EFLN)

[vietmunki]

The price action has been disappointing for the past few days for sure. We might get a retest of the 200ma on the daily today, but I will be looking for a bounce and a close of at least 9 to keep the weekly looking bullish. A strong close of .001 on some good volume would put it on top of the 15ema on the weekly, which would be even better.



The daily on the other hand isn't looking as hot although its been on light volume, again we might get a retest of .0007, but I would like to see it get back and close in the channel its been trading in for the past 3 months with an increase in volume. On the bright side, there are a couple of things we can look forward to hearing from the company, including the removal of a caveat emptor, (although I don't think this will be enough to spark and trigger a breakout at .0014), completion of the European transportation hub acquisition, completion of the s-1 form for the new IPO, share buy back, or any other acquisitions to be completed.