hussain9

head and shoulder pattern

NYSE:CHK   CHESAPEAKE ENERGY CORP
316 4 6
keep it on watch if break up neck line with high volume it can go to 10$ .
Comment: 5.5$ . I am expecting a strong a move to the neck line .
Comment: 6$
Comment: 6.49$
Comment: we are trading now against the neck line , a strong volume is expected to push the price up in next few days and this is very important for this pattern .
Comment: 7.74$
Comment: 8$
Comment: testing the neck line . I am expecting to go up again
my only concern about this forecast is CL price action which strongly impacts CHK. CL looks like its going down. will probably drag CHK with it. i d be watching this like a hawk in the short term.
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Whats the time period of each bar in this chart, daily?

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im watching too! nice chart.
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hussain9 PRO moneycat8
thanks
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