buy CHX ifWell, we were right that yesterday was a sell day for CHX, however a slight bullish pattern has developed and this could be an alert to start buying today. We seem to have broken through the $1.70 resistance, if it stays there or above.
I feel bullish so I bought a bit more CHX today. The market opened with an upward gap of 0.05, signaling a bullish sentiment. The benchmark is the opening price of 1.17. If the prices stay over the benchmark today, go long, starting late in the day. Any white candlestick with an upward gap is a valid buy confirmation criterion, which we see today.
A bit of a warning, though.
If, however, the prices during the session today start coming below 1.17, avoid buying. Sell if you feel a definite tendency in prices to close the day below the benchmark.
Good luck all.