Well Traders, just wanted to check in on CHL, a trade I am currently in.The stock has made a nice run up and today, broke through the $45 resistance to finish at $45.37 with a smooth-top candlestick. The smooth top indicates that the stock finished at the high of the day, meaning there is probably more upside to this stock.
I do see the STO entering "overbought" territory, and MACD is in the black, meaning at some point soon, I can expect the stock to show some weakness and begin to fall. I'll just have to wait and see how that pans out.
Have a great weekend!
Happy Trading!
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