CHIB broke above its short-term consolidation with resistance at 453 last Thursday but, if you refer to the daily chart of CHIB (first chart), you can see that it did not follow through on its gains last Friday. It is still holding above its new support at 453 so the breakout is intact as long as it holds above this level. A convincing breakout should bring CHIB to 490 to 500.
Buy if support holds
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