I've made several analyses on CHZ and the long-term bull-flag pattern it has been trading in. With the lows being likely in for the time being, I'm looking at two things.
1: A move towards the top resistance of the pattern.
2: A confirmed break out, leading to potentially parabolic returns.
For now, the target is the top of the channel. CHZ has been lagging the market a bit, so there's a lot of potential gains looming.
If we can make it to the top resistance, we have to anticipate sideways price action alongside the resistance. We won't break out immediately.
But, once the break out occurs, we can start looking at the blue targets.
Keep an eye on this one!
