breaks out of over-sold conditions.
In the intermediate term, CHK still appears to be moving in a range. Based on the upper line, it looks like 14 will be an important area. It it breaks through 14, there is a gap at ~18.50 that may be filled. If it meets resistance at 14, I think we may see new lows.
Fundos, in brief- could be influenced by Icahn rumors, natural gas movements, updates regarding the dividend, and earnings/forward guidance, specifically around returning to being FCF positive, and reducing debt.