Hello traders 🐺 .

This idea is for one my friend @Malinkaa98 and she wanted me for looking at CHZ and publish an idea about it , I wish the best for you dear @Malinkaa98 .

let’s start with the weekly chart:

In the weekly chart we can see that after the bullish movements , CHZ was start to consolidation and we can see that the CHZ created a bull flag , which is a bullish pattern and the as you know flag pattern is AB=CD pattern , so if CHZ successes to break above the flag pattern , the technical target of this pattern is around the 1.0 Fibonacci level .

but let’s look at the short term view of the CHZ :

In the daily chart we can see that CHZ after creating a bullish divergence in the RSI value , break above the yellow resistance line and also break above the EMA Ribbon and now it’s seems that CHZ bulls break the W pattern neck line , which is also the daily resistance structure , so I think that CHZ could easily test the weekly upper trend line (red line) .