Get started
The_Cannalyst

1-2-3 Chesapeake long or short?

Short
The_Cannalyst  
NYSE:CHK   None
18
0
Is the uptrend history or can CHK reenter the trend and make a new HIGH?
When you believe in 1-2-3 pattern (
Introduction into 1-2-3 Trading Pattern
), the opening of a shortposition below the last valid "3" is thinkable. TP could be 1,55$!
Cyclical Longs can be opened with Prices > 5,20--> TP 8$

The Zone in between 3,5-5$ seems to be neutral

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.