π CHR has recently encountered notable market dynamics, with the current price bouncing within a support area and forming a bullish pennant pattern.
π This pattern typically suggests a continuation of the bullish trend. If CHR successfully breaks out of the pattern, it may experience significant upward movement, potentially reaching our target area.
π However, if CHR faces rejection and fails to break out, it may revisit the support area for multiple tests.
π This support area holds significant importance, as a failure to sustain it could lead to a breakdown and signal further downward movement for CHR.