Edelweiss: Nice momentum, awaiting dips to buy

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.

Yorum:

Momentum in Edelweiss picks-up after a brief correction. Stock looks good for more. #AsToldBefore ;)