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$EFAS | ($EFAS) Investment Analysis (EFAS)

By Thomas Kee

$EFAS | ($EFAS) Investment Analysis (EFAS)

The technical summary data tells us to buy EFAS near 14.1 with an upside target of 14.66. This data also tells us to set a stop loss @ 14.06 to protect against excessive loss in case the stock begins to move against the trade. 14.1 is the first level of support below 14.54 , and by rule, any test of support is a buy signal. In this case, support 14.1 would be being tested, so a buy signal would exist.

The technical summary data is suggesting a short of EFAS as it gets near 14.66 with a downside target of 14.1. We should have a stop loss in place at 14.7though. 14.66 is the first level of resistance above 14.54, and by rule, any test of resistance is a short signal. In this case, if resistance 14.66 is being tested, so a short signal would exist.

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