CHR Coils in TTM Squeeze at $1.46, Breakout Imminent
NeutralCheer Holding Inc (CHR) closed down 3.32% at $1.46 on December 27.
Technical indicators paint a mixed picture:
Moving Averages
Price sits below both the 9-day ($1.72) and 21-day ($2.10) EMAs, suggesting short-term weakness.
Momentum
RSI at 33.1 is in neutral territory. MACD is bullish (-0.62 vs signal -0.74).
Volatility
Stock has been in a TTM Squeeze for 9 days, indicating compressed volatility and potential for a significant move.
Despite the bearish EMA structure, oversold RSI suggests patient buyers may find opportunity near $1.45.
Key levels to watch: Support at $1.45, Resistance at $2.47.