Nov. 21 at 3:32 AM
$CHYM: The last close at
$17.95 is situated above the 60D low of
$16.17 but significantly below the 60D high of
$27.12, indicating potential upward movement. The RSI at 53.7 suggests that the stock is neither overbought nor oversold, allowing for room to move higher. However, it is below both the 30-day MA of
$18.71 and the 50-day MA of
$20.08, indicating a bearish short-term trend.
Directional bias is cautiously bullish, as the price is near the lower end of the recent range. Suggested entry is at
$18.00, just above the 30-day MA, to confirm upward momentum. Set a stop loss at
$16.75 to manage risk. Targets can be set at
$19.50 (near the 50-day MA) and
$21.00 (previous resistance level), allowing for potential gains while respecting the current trend dynamics.
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