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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.