ðĨ CHZ In A Bearish Channel: Rejection
After touching the top resistance of the channel, CHZ has yet again seen a strong rejection and is moving back down.
With the macro economic outlook deteriorating, I think it's likely that CHZ will move down all the way towards the support of the channel. One of the better shorts in the market currently.
Consequently, going long at the bottom resistance of the channel would be a decent long-term opportunity.
With the macro economic outlook deteriorating, I think it's likely that CHZ will move down all the way towards the support of the channel. One of the better shorts in the market currently.
Consequently, going long at the bottom resistance of the channel would be a decent long-term opportunity.
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