EDELWEISS looks to be taking support around the Long term BO that it did few weeks back. The base was 100+ weeks long and volumes it took to break that shows clearly on the chart.
To add to support, 10W EMA is also at that very BO level now, this might be an interesting watch to see if it bounces from here.
To add to support, 10W EMA is also at that very BO level now, this might be an interesting watch to see if it bounces from here.
Comment:
Same lesson learned again. Long weekly base BO acts as a strong support for healthy stocks. Trick here might have been to keep a small SL and buy at the support level. The movement here with volumes is bonkers.