NYSE:CHK   CHESAPEAKE ENERGY CORP
179 1 22
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:
1-2-3 Chesapeake long or short?
Comment: double H&S
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