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Stock Trend Analysis Report

Prepared for you on Wednesday, December 6, 2023.

Chenghe Acquisition Co. (NASDAQ:CHEA)

Countertrend Up (+85) - CHEA is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid CHEA?

MarketClub looks at technical strength and momentum to determine if the timing is right for CHEA.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low CHEA Price Change
10.9500 10.9501 10.9500 10.9501 +0.0001
Entry Signal

MarketClub’s Trade Triangles for CHEA

long term up The long-term trend has been UP since Jul 22nd, 2022 at 10.00

intermediate term up The intermediate-term trend has been UP since Jun 21st, 2023 at 10.65

short term up The short-term trend has been UP since Oct 18th, 2023 at 10.86

Smart Scan Analysis for CHEA

Based on our trend formula, CHEA is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for CHEA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.9500 10.9501 10.9500 10.9501 +0.0001
Prev. Close Volume Bid Ask Time
10.9501 1814 2023-12-04 12:11:43
52wk High11.4952wk High Date2023-08-18
52wk Low10.2752wk Low Date2022-12-16
Average Volume50,710Shares Outstanding11,500
P/E Ratio121.6678
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