CHR (UPDATE)

CHR did a great pump and reached almost $0.5 although CHR is now back below the resistance area leaving a long wick.
If you sold near $0.5 then you made 50% profit.
CHR need to break this resistance level otherwise we will see $0.3 - $0.33 area again.

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CHR unable to close the daily candle above the resistance area and the last candle close with a huge rejection wick. If CHR unable to break the resistance in next couple of days then we see a retest if lower support zone.

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As mentioned CHR is going down from the resistance. We may see more dump in coming days. Hoping you are learning and making profit. We try to bring the simple chart so everyone can understand it. The market is taking small correction after a small rally.

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