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Nakamura_official
May 12, 2020 11:04 AM

Does the chesapeake show a double bottom? Long

Description

Chesapeake has an interesting figure in the form of a double bottom, although the asset is very risky, but if oil goes to conquer new peaks, then perhaps it will affect the price of Chesapeake in the form of this figure

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Yesterday, the auction was closed with a hammer candle, today it is very important to observe the closing of the auction, will he confirm the hammer and close today's auction with a green candle higher than yesterday, if so, then the next week can be quite profitable;)

Comments
ANDR3ew
So what do you think?
Is a good sign to buy it monday 18.05.2020?
samalik1987
@ANDR3ew, its a good short term play - CHK's institutional owners are attempting to manipulate the market to offload their shares. As of Friday we have seen the largest ownership exit (the Carlyle Group). Their Sell prices are staggered to keep the price going higher.
cpowers0506
So do you think it will skyrocket tomorrow?
Nakamura_official
@cpowers0506, Hi! I updated the idea, so far the forecast is valid
qlql
@Nakamura_official, the bankruptcy is also valid
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