Stock Chart Analysis EFUT

Posted by downtowntrader | 5/29/2007 08:49:00 PM | 0 comments »

Stock Chart Analysis EFUT

eFuture Information Technology Inc. (Public, NASDAQ:EFUT)

EFUT is a stock that had some major mojo just recently, but has just been dead money, dropping steadily for months now. Volume has slowed to a crawl and it is sporting some nice divergences in its indicators. It's at a point where it should either bottom out, or give way to the 12 dollar area. It looks to me like it's ready to make a run to the 20's, or at least it's 50 day sma and with any luck, it could form a longer term bottom. This is obviously a risky trade in a risky stock, so due diligence is recommended.

Good Trading,


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