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.

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