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EFX Regression Trend Channel

EFX is a new stock taken from the @AnneTrader watchlist. While we  have some good trades running with LUV, LYB and MAR and compounding on these, we are always looking for new possibilities that are offering high probability opportunities.

The trend on EFX has been very good and I have elected to show the longer term weekly chart below. The regression trend channel is applied and the Pearsons value is 98.6% which is a god reading. If price can maintain it’s action within the current trend channel then we have a low hanging fruit and we just need to wait for our price pattern set up on the daily time frame.

high probability set up

Good trend trading…

Javid Shaik

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