Here it looks like we're getting another trend reversal on CHPT. Over the past 2 weeks it's been in a falling wedge pattern. Today we saw it break out of the falling wedge and retest the previous resistance as support. Then from there it jumped up about 5%, so great bullish signal we broke out of the downwards trend.
Not only that but we also have a triple...
From a macro perspective you can see it's playing around the 2.05$ support level and coming up on the 200 EMA. Will need to watch closely next week to see if it bounces back or dips below and goes bearish.
From a micro perspective it heavily looks like a falling knife. With the March 5th crash it dipped then recovered, but currently continues to fall....
