Potential key reversal bottom detected for EDV

Sep 8

Level of interest: Prior support/resistance level from previous trade at $5.00 even (key support/resistance area to observe).

Stop loss for the trade involving EDV (and indication that this trade is an absolute 'no-go') is any trade below the low of the signal day of 5th September (i.e.: any trade below $4.92).

Sep 15

Trade active

UPDATE (week ending 13-Sep): Trade activated 12th September with indicators turning more positive along with the share price increasing. Share price closed between the 10 and 30 day MA's at the end of the trading week, with the chart providing opportunity for traders to place stop losses below recent lows of $4.92 (conservative) or below the prior support/resistance level from the previous trade ($5.00), which is more aggressive.

Sep 24

Trade active

UPDATE (week ending 20-Sep): Share price continued to close above both 10 and 30 day MA's at the end of the trading week.

Oct 4

Trade closed manually

UPDATE (week ending 27-Sep): Close below 10 and 30 day MA's as well as prior support/resistance (suggest close out of any position; remove from watchlist).