ashpat86

EFPO sell side pressure in the short-run

NASDAQ:EFOI   Energy Focus, Inc.
Testing a strategy using Level 2 order flow with technicals. This stock has a gap up and order flow is showing huge orders on the sell side (outflow 108 vs inflow of 104) which shows the supply side is taking over for the very short-term. It's better to put in a limit sell order to wait for the price to reach before getting a fill. MACD is also showing overbought signal with crossover.

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