Nov. 13 at 2:25 AM
$CHDN is currently trading at
$99.43, above its 30-day moving average (MA30) of
$95.79 and its 50-day moving average (MA50) of
$96.56, indicating a bullish trend. The RSI at 56.32 suggests there is still room for upward momentum without being overbought. The recent 60-day high of
$108.09 provides a potential resistance level, while the 60-day low of
$86.11 establishes a solid support base.
Given this context, a bullish trade plan is recommended. Suggested entry point is at
$100.00, slightly above the current price to confirm upward momentum. Set a stop loss at
$96.50 to manage risk effectively. Target 1 can be set at
$105.00, approaching the 60-day high, and Target 2 at
$108.00 to capitalize on potential resistance.
Overall, the bullish bias is supported by the position relative to moving averages and RSI, along with the high-low range.
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