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Is CHEF setting up for a drop? Bearish Engulfing shows up after tumbling 5.15%
On Friday, July 17th, CHEF moved down 5.15% while volume was to 1.3× the usual levels. consolidation patterns formed: Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 95.11, 93.13 & 89.25, with resistance at 100.97, 104.85 & 106.83.
Current SwingTradeBot Technical Rating of CHEF: A
Today’s move could mean more—check all the signals for CHEF on SwingTradeBot.
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