Volume Breakthru: Will Price Action Play Catch Up?

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Volume Breakthru: Will Price Action Play Catch Up?Energy Focus, Inc.BATS:EFOIWis_EFOI > Target Analysis: 1- The 1st GAP/liquidity zone circa $7.40 - $1.30 was almost reached (previous lows). Price has reacted to anchored VWAP from the previous lows and in anticipation of the next move up it is fair to presume that price will move upward to VWAP, have the GAP filled up entirely, and use that level as a interim consolidation area. 2- significant resistances are found circa $13.60 and $19 respectively, i.e., 2nd and 3rd targets. 3- a fair value gap is observed circa $22 - $26, signifying the 4th target 4- further targets are possible over the longer run. > Volume Analysis: Recent volume is massive and net positive; price action is bullish but it is yet to catch up to the volume's unprecedented strength. ### Authors Notes ### My method of TA relies on Fibonacci retracement and pivot zones, price action, smart money concepts, and wedge pattern. I have used other ancillary tools and indicators as well such as oscillators and MA's.