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CHD stock price showed a fake breakdown and reclaimed the 100 day EMA mark.
Church & Dwight Company Inc. (NYSE: CHD) CHD share price recovered the gains and has retained the cluster of $90. In the past sessions, a breakdown below the neckline of $92 was witnessed and CHD stock has retested $85, thereafter, a sharp recovery was noted. Additionally, CHD stock reclaimed the zone near 100 day EMA which trapped the mighty bears. Furthermore, the price action shows the double bottom pattern near $75.
CHD stock price is trading close to the 100 day EMA and surpassed the neckline of $90 indicating a breakout on the charts. Moreover, the price action showcased the short covering move and suggested that follow on buying will continue and CHD stock may claim $100 soon. Per the options chain, at the strike price of $90, open interest of 800 hundred shares on the call side, which showcased that sellers were trapped and are in trouble now.
At press time, CHD stock price was $92
We współpracy z: https://www.thecoinrepublic.com/2023/10/26/chd-stock-nyse-chd-recovered-gains-heading-toward-100/
