Chenghe II's 15min chart triggers KDJ Death Cross, Bearish Marubozu.

The 15-minute chart of Chenghe II has recently triggered a KDJ Death Cross and a bearish Marubozu pattern on August 7th, 2025 at 13:00. This indicates a shift in the stock's momentum towards a downward trend, with a potential for further decline. Sellers currently dominate the market, and the bearish momentum is likely to persist.

Chenghe Acquisition II Co (CHEB) has recently experienced a significant shift in its stock momentum, as indicated by a KDJ Death Cross and a bearish Marubozu pattern on August 7th, 2025, at 13:00. These technical indicators suggest a downward trend, potentially leading to further declines in the stock's value. Sellers currently dominate the market, and the bearish momentum is likely to persist.

The KDJ Death Cross, characterized by the crossing of the KDJ lines below the 50-period moving average, is a strong bearish signal. This suggests that the stock price has the potential to continue declining, with the momentum shifting towards the downside. The Bearish Marubozu, a candlestick pattern where the stock closes at the lowest point of the day without any wick, indicates strong selling pressure [1].

Chenghe II's recent price movement has been volatile, with the stock experiencing a significant increase of 17.71% on July 29, 2025, followed by a decline of 22.12% during the last trading session. The price has declined in 4 of the last 10 days, resulting in a total change of 8.44% during this period [1]. The stock's price has risen rapidly, surpassing its fundamental support, and sellers are currently dominating the market, suggesting that the bearish momentum is likely to continue.

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