CrypticTrading

CHK - When to Enter?

NYSE:CHK   None
A lot of information on a little chart.

Basically, neutral at this point but closer to a buy than a sell.

Would not enter until price fully tests the 52 week low as $1.16 may be a steal for entry (barring that it holds as support)

**Not trading or investment advice**
Comment:
black downsloped line is "small" resistance, red downsloped line above it is a major resistance
Comment:
Looking closer you can see a small downtrend channel we need to break out of! Not an entry point yet:
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Comment:
In @ 1.14 - keeping close S/L
Trade active
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looking for this to hold, and break up
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stop loss set @ 1.01 as this would invalidate ascending triangle. If breaks, ill look for re-entry lower.
Trade closed manually:
s/l hit gl to all

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