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Element Fleet Management Corp T.EFN

Alternate Symbol(s):  ELEEF

Element Fleet Management Corp. is a Canada-based fleet solutions providers. It operates as a pure-play automotive fleet manager. The Company offers a full range of fleet services and solutions to corporations, governments and not for profits across North America, Australia, and New Zealand. Its services address every aspect of clients' fleet requirements, from vehicle acquisition, maintenance, accidents and remarketing, to integrating electric vehicles' (EV) and managing the complexity of gradual fleet electrification. It offers a range of fleet solutions consisting of cost management; driver productivity and vehicle uptime; fleet electrification, lease vs ownership, sale leaseback, and others. Its fleet types include global; government and public sector; material handling equipment; sales, and heavy trucks. It offers fleet solutions to various industries, such as construction; energy, oil and gas; food and beverage; healthcare; services; transportation, and utilities.


TSX:EFN - Post by User

Post by Opportunuson Aug 14, 2014 12:10pm
292 Views
Post# 22841968

Resistance level $14.30 is broken -- it's significant

Resistance level $14.30 is broken -- it's significantPlease go to bigcharts.com, using symbol ca:efn. Since we came down from July high, we were facing a question. Would this be an a-b-c corrective wave or a five-wave impulse wave? An impulse wave could be either a new bear run or an a-wave in an a-b-c corrective wave. Either case is bearish. But within an impulse wave, the fourth wave is not supposed to get into the first wave's territory. In other words, the current up move should not exceeds $14.30. Now that resistance is broken. An a-b-c corrective wave starting from last month's high is likely complete.
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