See callout bubbles. Oil is in an area where we can expect some resistance, however, the trend is Up. Could CHK be following the uptick in Oil? A reverse head and shoulders pattern seems to be forming just as price fell right into a nice area of demand. Let's get Long!
Always measure your risk and be okay with being wrong ; )
Always measure your risk and be okay with being wrong ; )
Comment:
A little bit of pull back today, but we're still looking good. Oil is looking Neutral to Bullish (however it might run into some resistance soon). If Oil continues up, we should expect CHK to do something similar.
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