SWING IDEA - EDELWEISS
Updated
Stock is re-testing its 52W high.
On a Multi-Year Breakout zone.
Good increase in volume as well.
Weekly closing above 82 could take the stock up further high.
Keep close watch on stock.
On a Multi-Year Breakout zone.
Good increase in volume as well.
Weekly closing above 82 could take the stock up further high.
Keep close watch on stock.
Trade closed: stop reached
Stock has failed to maintain levels above 82, which was needed in order for its move upward. RBI Order against Edelweiss and Election Poll outcome has interfered its momentum.
DO NOT take any more entries from here as it can only get worse with the major resistance formation at 82.
Trade active
Massive pump of 23% this week. Stock is again near our Entry Point and also MACD seems to be making a cross now. If all is well, the same trade with the exact same setup might get validated this time. Wait for weekly closing above our Entry Point as per setup for trade to get validated again.
Trade closed: target reached
Trade Completed. Target Achieved.
Total 35% Profits booked.
Time Taken = 3 weeks.
Congrats to those who made good profits with this Trade.
This is how perfectly Price Action can mint you money when done right.
Trade can still be held on based on your Risk Management as the momentum still looks strong and it is possible that the Stock can go further upward.
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Kudos!!
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Trade closed: target reached
Achieved 78% Profits from our Entry Zone. Congrats to those still holding on to this trade and booking bigger profits.
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