EDELWEISS
The stock is trying to move out of the price rejection zone after nearly four months of sideways move. The relative strength and the money flow are also positive. The volume has been increasing in the recent past and the volume adjusted momentum is also turning positive. All the conditions are favoring the stock to take out the price rejection zone. Once we have a good close above 88, we can see the stock moving up much higher.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.