Bullish Setup in CHOLAHLDNG

https://preview.redd.it/dw5ajhcodhle1.png?width=1280&format=png&auto=webp&s=9703d1e50b3d7f802289c4505f0a97061c6f65b9 https://preview.redd.it/iqtikhcodhle1.png?width=1280&format=png&auto=webp&s=10e109ea8ff3a68412ae71f5eff0da9c36b9c5ff After reaching an all-time high, **CHOLAHLDNG** underwent a significant correction of over 30%. However, since May 2023, the stock has consistently traded above the **40-week EMA**. Following this sharp decline, it found strong support at the **40-week EMA**, which aligns with the **Fibonacci golden ratio support zone**. For more than two months, the stock consolidated at this crucial level before breaking out above the **key resistance** on the **daily timeframe**. This breakout is further reinforced by an **RSI divergence**, indicating a potential upward move. The confluence of the **Fibonacci golden zone, 40-week EMA support, and bullish RSI divergence** suggests that **CHOLAHLDNG** is attempting to resume its uptrend.