Mar. 14 at 2:44 PM
$EDHL β Descending wedge breakout. +22.54% today. 4.9M volume. Chart is loud.
Just calling what I see β no narrative, pure price action.
π Daily descending wedge compressing since
$15+ highs β today broke above resistance
π Price:
$4.24 | High:
$4.37 | Volume: 4.9M β one of the biggest sessions in months
π RSI 62.41 β healthy, room to extend
π MFI 84.63 β smart money flowing in hard
π OBV: near-vertical spike β accumulation confirmed π ADX 28.64 β trend waking up
π Price above MA9 (
$3.13) and EMA20 (
$3.16) β both flipped to support
π Keltner upper:
$4.10 β already broken and holding above
π Measured move target:
$6.00β
$6.50 (+48.9%)
This is a chart-only setup. The price action is real. The business fundamentals are not supportive. Trade the chart, not the company.
Size accordingly. Stops mandatory.
Not financial advice. DYOR. π―
#EDHL #EverbrightDigital #Breakout #TechnicalAnalysis #SmallCap #TheEdg