Replies to post #24628 on EFuel EFN Corp (EFLN)

[doggone]

Do EFLN charts take into consideration the fluffy pr's? Do the charts tell tell you whether those running EFLN are worthy of investor trust or what their ethics are? Can charts tell you if EFLN is a scam? Dog,just wondering

[Oz the OK]

You really can't apply Technical Analysis to this stock due to the manipulation. The only reason you had a doji today, was because somebody coughed up a whopping $32 in the closing minutes to buy at the ASK. If you look at an hourly chart, it traded down .0001 for most of the day.

However, there were many other indicators that are less bullish:

New all time low touched today at .0003. The past 6 weeks, whenever that has happened, it soon became the new floor.

32.9 million sells, only 7.4 million buys. Almost 5-1 sell to buy.

Finally, there has been huge volume since last THU, 140 million shares. They're diluting/shorting the crap out of this thing.