Ticker : CHK IDEA Direction : SHORT Entry Price : 3.72 Current Price : 3.72 Description of Chart : As this stock has been knocked down and down we broke through the downward trending channel (blue line), we are now back inside that channel, I believe it is possible to retest the lows of this stock. I also manage money for other traders, you can invest and I...
As I mentioned in my Natural Gas Forecast, I believe that Natural Gas is ready to move up, so I decided to check out CHK which I believe is in the NG business. It appears that CHK is nearing the bottom of a descending wedge with the potential to break out and form a great H&S reversal pattern. The hourly waves are all in good position and the Day wave is about...
CHK had some rough earnings numbers and sold off hard. I'm happy for all those who waited (Like I said we should) to buy when CHK pulled back. :_) If it doesn't bounce here, I'll try to buy again at .72
2 already confirm money flow breaches in $gasl in a rising channel
One of my most requested stocks. I think it's Buyable on a pull back. It broke out of the 200 SMA and it now retesting it. If earnings gaps down but opens above the pivot drawn, should remain bullish on the intermediate trend (weeks to months)
Hello Traders, Similar to my CL1! and USOIL charts I posted yesterday. Chesapeake Energy formed a very similar structure. I would be interested to see how well these 3 charts correlate with one another. The charts I am referring to are found below. Best, Chartistry
I believe that right now that CHK is a great buy. In a long term state of accumulation. Also in accumulation on the daily chart.
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Okay, so my long UNG play didn't work out; after I entered the trade, NGAS continued to tank -- horribly, as forecasts for a mild winter came to the forefront and natty gas reserves continued to build to record levels. Ugh. Nevertheless, i still want a natty gas long play. CHK is the most beaten down price-wise of the top ten nat gas producers, so it makes for...
1/13/16 The retest has happened. We've been looking to bottom fish on this one a bit. Looks like it has more to go...
Bounced strongly off the channel support. Up 9% on Friday alone. Might be worth a shot
$UWTI $DWTI $USO Purple line is FOMC $EXXI $RIG $LINE $CHK $XOM $SDRL $ATW $GDP $BBEP
Short bounce opportunity in oversold oil. Be careful here. I will be buying oversold energy stocks from here to the bottom. Starting first with NRG.
This is taking into consideration that OPEC maintains production determined in the December 4th meeting. And also the fundamental reports remain to be flat on production and unable to significantly withdraw from stockpiles. Essentially negating fundamentals, technicals show that price can still drop.
Truth be told, I hardly ever do covered calls. This is because a covered call requires you to take a position in the underlying and then proceed to sell options against the position in an effort to reduce your cost basis in the stock; in other words, it ties up buying power while you reduce cost basis. However, since I've got a bit of buying power sitting on the...