Replies to post #19169 on EFuel EFN Corp (EFLN)

[Oz the OK]

Hmmm, so the flag formation shows the price will either go up, go down, or go sideways. Thanks for the insight.

Unfortunately...yea. LOL. If it was a descending flag or an ascending flag, which look like right triangles, those are more reliable in their breakout predictions. However, because this flag does have a small "pole" (an upward price movement from the previous consolidation area), it slightly favors a breakout to the upside.

I guess what I should have written is the this current pattern should have us getting a breakout in a day or two for those in here who might be getting a little impatient/frustrated with the current sideways movement. This is all purely from a TA point of view also. A PR from the fundamental side could change the chart completely.