CHC
- First time doing a written analysis on CHC
- Has history of good uptrends
- Stock respects the short-term support more of the time
- Trading in a tight band for the last 3 weeks -> I would call this “No Man’s Land”
- Formed a double top with strong resistance near 18.50 levels
- Today’s price action looks like the first signal of a rebound, but more price action is required
- A successful rebound would mean that a strong support would also be formed near 17.50 levels
- Due to strong overhead resistance, a breakout strategy is preferable
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful breakout of either counter-trendline or 18.50 resistance levels
- First time doing a written analysis on CHC
- Has history of good uptrends
- Stock respects the short-term support more of the time
- Trading in a tight band for the last 3 weeks -> I would call this “No Man’s Land”
- Formed a double top with strong resistance near 18.50 levels
- Today’s price action looks like the first signal of a rebound, but more price action is required
- A successful rebound would mean that a strong support would also be formed near 17.50 levels
- Due to strong overhead resistance, a breakout strategy is preferable
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful breakout of either counter-trendline or 18.50 resistance levels
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.