Text me if you have any questions/comments for me.
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CHC
- Previous analysis was done on 14 Sep - Suggested waiting for successful breakout of either counter-trendline or 18.50 resistance levels
- Stock today broke out of counter-trendline with slightly above average volume
- There is still an overhead resistance at 18.50 levels
- While the overall market has been weak, the stock has respected the short-term support -> good sign
- If you didn’t enter at counter-trendline breakout, entry at current price levels would be a pre-breakout strategy for the 18.50 resistance levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest half entry at current levels or waiting for successful breakout of 18.50 resistance levels
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CHC
- Previous analysis was done on 14 Sep - Suggested waiting for successful breakout of either counter-trendline or 18.50 resistance levels
- Stock today broke out of counter-trendline with slightly above average volume
- There is still an overhead resistance at 18.50 levels
- While the overall market has been weak, the stock has respected the short-term support -> good sign
- If you didn’t enter at counter-trendline breakout, entry at current price levels would be a pre-breakout strategy for the 18.50 resistance levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest half entry at current levels or waiting for successful breakout of 18.50 resistance levels