MoneyFlowTrader
Long

Channel Still in tact after Beat down on 4/6/16

NYSE:CHK   CHESAPEAKE ENERGY CORP
51 0 0
I'm still long on $chk and got shares under $5. The channel remains in tact, gaps appear to be filled. There has been 2 successful breaches on the money flow index , that gave rise to share prices prior to the decline. Imo, we were due for a decline. I will post another chart showing a green cloud on the 3hr chart which is starting to act as support

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