Edgetech Services Inc (EDGH)

[dalcindo]

Janeverite,

I only trade based on pure TA without any or very few knowledge of fundamentals regarding the underlying stock.

To answer your question regarding a most appropriate entry point:
In this case, as in my systematic approach, I refer to the RSI behavior, then to the price action. If RSI is > 50 and trends back towards its trendline (here, dashed green line, or "Green") while price is retracing, I wait until Green is hit as long as RSI > 50 condition is still valid.

Here, the scenario seems to apply.

Hope this helps.

Please, note that my discussion entries are for educational purposes only and do not constitute a financial advice or recommendation. Do your DD first, then trust your instinctive knowledge of the underlying stock.

Happy trading.

David Alcindor

Message In Reply To:
What's a good entry point now,...any thoughts - I am suprised this is trading this low given their clientelle list...just curious what people think.