CHP has halted its 7th day sell-off after hitting its 200% retracement from its recent short term rebound (9.05 to 9.89).
*Potential Bullish Divergence pattern may be developing from several indicators.
*200% retracement may act as immediate support area.
Trading Plan
- Buy on reversal pattern after confirming a bullish divergence signal.
- Set a tight stop-loss on any test buy trade.
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