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$CHE | ($CHE) Long Term Investment Analysis (CHE)

By Thomas Kee
From Stock Traders Daily

$CHE | ($CHE) Long Term Investment Analysis (CHE)

The technical summary data tells us to buy CHE near 518.77 with an upside target of 558.37. This data also tells us to set a stop loss @ 517.27 to protect against excessive loss in case the stock begins to move against the trade. 518.77 is the first level of support below 523.16 , and by rule, any test of support is a buy signal. In this case, support 518.77 would be being tested, so a buy signal would exist.

The technical summary data is suggesting a short of CHE as it gets near 558.37 with a downside target of 518.77. We should have a stop loss in place at 559.98though. 558.37 is the first level of resistance above 523.16, and by rule, any test of resistance is a short signal. In this case, if resistance 558.37 is being tested, so a short signal would exist.

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