📊 Choice International Limited (CHOICEIN) - Daily (1D) Chart Analysis
This post is shared for EDUCATIONAL PURPOSES ONLY to observe horizontal key levels and potential breakout setups. It is not financial or investment advice.
🟢 Technical Observations:
1. Horizontal Resistance Test: On the daily timeframe, CHOICEIN is trading exactly at a critical horizontal resistance boundary between 726.00 and 730.00.
2. Moving Average Recovery: The price has successfully climbed back above its short-term and medium-term exponential moving averages (the blue and pink lines below the price), shifting the immediate bias back to bullish.
3. Momentum Indicators: The RSI at the bottom is rising steadily toward 66.31, indicating accelerating buying momentum. A strong daily candle close above the 730 level would confirm a structural breakout.
🎯 Educational Swing Setup:
• Entry Zone: 705.00 – 726.10 (Entering near current accumulation levels, or waiting for a confirmed daily close breakout above 730.00).
• Target 1: 780.00 (Near-term psychological resistance / previous structural peak)
• Target 2: 840.00 (Major swing-high target zone)
• Invalidation / Stop-Loss: 675.00 (A daily close back below the moving average cluster and recent swing lows invalidates this immediate bullish setup).
• Expected Duration: 2 to 4 Weeks (Daily swing view)
⚠️ Risk Management:
Since the price is currently sitting right under a major resistance box, watch for volume validation. If it breaks out with a high volume spike, the probability of continuation increases. Keep position sizes managed!
This post is shared for EDUCATIONAL PURPOSES ONLY to observe horizontal key levels and potential breakout setups. It is not financial or investment advice.
🟢 Technical Observations:
1. Horizontal Resistance Test: On the daily timeframe, CHOICEIN is trading exactly at a critical horizontal resistance boundary between 726.00 and 730.00.
2. Moving Average Recovery: The price has successfully climbed back above its short-term and medium-term exponential moving averages (the blue and pink lines below the price), shifting the immediate bias back to bullish.
3. Momentum Indicators: The RSI at the bottom is rising steadily toward 66.31, indicating accelerating buying momentum. A strong daily candle close above the 730 level would confirm a structural breakout.
🎯 Educational Swing Setup:
• Entry Zone: 705.00 – 726.10 (Entering near current accumulation levels, or waiting for a confirmed daily close breakout above 730.00).
• Target 1: 780.00 (Near-term psychological resistance / previous structural peak)
• Target 2: 840.00 (Major swing-high target zone)
• Invalidation / Stop-Loss: 675.00 (A daily close back below the moving average cluster and recent swing lows invalidates this immediate bullish setup).
• Expected Duration: 2 to 4 Weeks (Daily swing view)
⚠️ Risk Management:
Since the price is currently sitting right under a major resistance box, watch for volume validation. If it breaks out with a high volume spike, the probability of continuation increases. Keep position sizes managed!
交易進行
T1 done in 11 days交易結束：目標達成
All Target done in 7 days
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