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Is CHA setting up for a drop? Fell Below 20 Day Moving Average shows up after crashing 7.6%

Chagee Holdings Limited (CHA) Technical Analysis, Stock Scans & Trading Signals · Jul 2, 2026, 17:40 ET
On Thursday, July 2nd, CHA moved down 7.6% while volume increased to 1.9× the usual levels. Multiple bearish signals emerged — Fell Below 20 DMA, Fell Below 50 DMA, Bearish Engulfing, MACD Bearish Signal Line Cross & Expansion Pivot Sell Setup — suggesting potential weakness ahead. Key support levels exist at 10.65, 10.23 & 9.45, with resistance at 11.84, 12.62 & 13.04.

Current SwingTradeBot Technical Rating of CHA: D

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