ETFC: Are you Freaking Crazy?

Definitely a very speculative play, but hey somebody has already double-upped plus from the bottom of $2.10. The 15-Day SMA - 4.19 has crossed the 50-Day SMA - 3.80 and appears to be turning higher. The 200-day SMA is will not be in play for sometime so one we will have to rely on the Fib levels.

Looking at the 5 year you can get a sense of the dramatic sell-off that took place. A positve note is that ETFC is about to break that downward spiral of a channel. Maybe. It could very well retreat to the lows.

The Magic # appears to be $5.50 and ETFC could tear up to $6.35 then $7.35.

A possible entry here would be $4.60-4.75 with a tight Stop @ $4.25. Hmmmmm, is that stop level a coincidence? Exactly a double from the bottom less trading fees.

5 Year

9 Month

3 Month
1 Month