Third Technical Analysis - CHEK

18 mar 2021Based on the historical data that the chart presents, the bottom of the trend is estimated to be at $1.92; however, there is both technical and psychological support at $ 2. This indicates there could be a slight dip under $2 temporarily in the upcoming days ( however, this seems unlikely ). Following these projections, a short-term accumulation phase will be to a price range of 2.50 to 2.75. There is strong resistance at $3; if the trend breakouts above this price, it will indicate a bullish movement to the upside to test further resistance levels and, based on the upward trend, could test $4.50. Based on the chart, I am short-term Bearish and long-term Bullish ( Since the chart overall seems to be in a uptrend ). However, if momentum is reintroduced back into this ticker, then these projections will likely happen in a shorter period.

Disclaimer: This is not financial advice. This information is provided for education and informational purposes only.