Chenghe II's 15min chart shows RSI Overbought, Bearish Marubozu signals.

According to the 15-minute chart of Chenghe II, there are signs of overbuying and a bearish trend. The stock's price has risen too quickly, exceeding its fundamental support, and sellers are dominating the market. This suggests that the bearish momentum is likely to persist.

Chenghe Acquisition II Co (CHEB) stock has shown signs of overbuying and a bearish trend, as indicated by the 15-minute chart. The stock's price has risen rapidly, surpassing its fundamental support, and sellers are currently dominating the market. This suggests that the bearish momentum is likely to continue.

As of July 2, 2025, CHEB stock ended at $11.43, after a significant increase of 17.71% on July 29, 2025. The stock experienced a fluctuation of 22.12% during the last trading session, ranging from a day low of $9.36 to a day high of $11.43. The price has declined in 4 of the last 10 days, resulting in a total change of 8.44% during this period [1].

Technical analysis of CHEB indicates several buy signals, with a total of 5 buy signals and 2 sell signals. The current trend is uptrend, starting from July 24, 2025, with a total price change of +50.39%. However, the recent price increase has been accompanied by a decrease in trading volume, which could serve as an early warning of potential risk in the coming days [1].

Moving average analysis shows that the overall moving average trend leans more bearish, with 2 negative signals and 2 positive signals. The SMA_20 being above the SMA_60 signals a strong bullish trend in the mid-term. However, there will be resistance from the lines at $11.94 and $13.45, and support from the lines at $7.09 and $5.59. A break-up above any of these levels will issue buy signals, while a break-down below any of these levels will issue sell signals [1].

Short selling analysis indicates that the short sale ratio of CHEB has risen to 18.15%, suggesting that short sellers may be anticipating a price reversion. The short sale activity could serve as an early warning of potential risk [1].

Based on the provided data, investors should exercise caution when considering CHEB stock. The signs of overbuying and the bearish trend suggest that the stock may be overvalued and that the price could decline in the near future. It is essential to conduct thorough research and consider additional factors before making investment decisions.

References:
[1] https://intellectia.ai/stock/CHEB/forecast