stephenklyeung
Long

CHK - Ascending Triangle

NYSE:CHK   CHESAPEAKE ENERGY CORP
CHK - Ascending Triangle
Target to Break 5.00 level soon,
Comment: Classic Ascending Triangle
1 Uptrend angle around 45 degree.
2. Trading volume more when price up and and trading volume drop when price fall.
3. Each bottom is higher and higher.
4. Overall trading volume drop until the end of triangle.

Criteria:
1. Break the triangle on or before 5JUL2018.
2. Break the triangle with huge volume when break 5.05

Target Price
Flat start from around 3.68, top at around 5.05. Target at 6.45 (Theory Price)

Comments

Has potential, still needs time to verify. Keep in the list.
Reply
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