On a Daily time frame, CHIMED has formed a rounding pattern. A rounding pattern formation is a reversal pattern. A breakout from the pattern would be an opportunity to enter long in the security.

Currently, the security is trading above the FAST and SLOW EMA indicating a positive trend whereas the slow EMA trending upward indicates a positive trend.

The momentum indicator RSI is trading in an upper range which indicates that the trend is positive.

On the Directional front, the DI+ is trading above DI- indicating a positive trend with ADX trading above DI- indicating strength in the move.

Advice: Trade once the security closes above the neckline.

Rounding Pattern

Oct 10 2023