The stock has seen sharp spike recently, pushing ADX past the 25-mark. This suggests strong uptrend in force. The recent rally has however pushed the price to short-term overbought position. Use any pull back method and stop loss method to consider long trades on weakness.
Fibs, MA or anything else is fine to spot potential support zones.
Fibs, MA or anything else is fine to spot potential support zones.
Note
Momentum in Edelweiss picks-up after a brief correction. Stock looks good for more. #AsToldBefore ;)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.