Chesapeake couldn`t reenter the trend. IMO the chart just brightens if CHK could trade above the last High at 5.14$.
Below that level between 5.14-6.13 the situation seems to be strong bearish. Will CHK trade below 4-4,05. the next cyclical TP could be the neckline of the bif H&S @ 3.60$. Below 3.60 the targets of the bearish H&S are: TP1: 2,60$ / TP2: 1.80$! This is just a charttechnical and personal view.
I hope my view is helpful for the onone or other. Comments are welcome :-)
former analysis:
Below that level between 5.14-6.13 the situation seems to be strong bearish. Will CHK trade below 4-4,05. the next cyclical TP could be the neckline of the bif H&S @ 3.60$. Below 3.60 the targets of the bearish H&S are: TP1: 2,60$ / TP2: 1.80$! This is just a charttechnical and personal view.
I hope my view is helpful for the onone or other. Comments are welcome :-)
former analysis:
Comment:
double H&S