$CHS Bearish technicals. Rising ADX and weak on a strong day
Key points; 1) ADX is giving a very strong bearish signal here that a downtrend is emerging 2) Price has consistently rejected the 20 day simple moving average 3) Price is incredibly weak on a very strong market day 4) RSI is not oversold yet so timing for a short is reasonable 5) MACD has not crossed down yet so timing for a short is reasonable 6) There is no uptrending support level
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