Oct. 30 at 9:41 AM
1/
$EDHL 30% Swing trade
EDHL was a technical position, no recent news release as a catalyst.
Position: Entry- 83 cents. Exit-
$1.X.10
EDHL is a classic pop and fade play, even resembling a rise base rise pattern where we see some consolidation before the next leg up.
EDHL saw 3 points of contact in a wedge pattern, creating higher lows each time.
Two were because of news, resulting in gap ups each time, along with the recent tick up from a technical breakout.
Entry was based on a break of a prior alternating support and resistance level seen multiple times.
