#CHK ExpectationThe is a big probability price will going up to the 46.57 level if we have a strong break for the 35 level
However If we have a strong break to the down side we can see the price going down to the 22.5 Maybe 21.03 Why NOT
Chkpbreakdown
The Real Question - "Short Term Short" Or "A Long Break Down".Check Point Software Technologies Ltd (NASDAQ: CHKP) is certainly giving signs for Loss Of Momentum at the top as per TTC Breakdown Formation.
The Low of 115.14 is very critical for now to hold the breakdown. If price manages to sustain below this Critical TTC Zone , we can see a heavy selling in the markets.
For Short-term targets, Trader should eye on 112 Zone . Then 110 is the next support. For Swing Traders, 108 zone is Very Critical. Below which we can see a good amount of selling.
Check Point Software Technologies Ltd. is an Israeli multinational provider of software and combined hardware and software products for IT security, including network security, endpoint security, mobile security, data security and security management.
