I believe
CHK
could be starting to turn the ship around from it's year over year declines. There is also a big oil & gas conference in Texas this week. This is a low-risk trade with big upside potential. The demand for global oil is continuing to rise. Once the surplus ends that we currently have this stock is bound to take off. The chart is starting to show a minor wave formation.
I initiated a trade at $3.10 with a stop-limit of $3.05.
I will keep you updated.
Stay thirsty my friends,
AB
CHK
could be starting to turn the ship around from it's year over year declines. There is also a big oil & gas conference in Texas this week. This is a low-risk trade with big upside potential. The demand for global oil is continuing to rise. Once the surplus ends that we currently have this stock is bound to take off. The chart is starting to show a minor wave formation. I initiated a trade at $3.10 with a stop-limit of $3.05.
I will keep you updated.
Stay thirsty my friends,
AB
Comment:
Will update soon.