BATS:CHK   Chesapeake Energy Corporation
I posted a similar setup in CHK a few weeks ago, however that setup failed to materialize before any buy signal was triggered.

A similar setup is in the works for CHK , however the strength of the move as seen by RSI isn't helping my confidence in a breakout. That said, my models pick this up as a potential scalper, and therefore I stick with it. Above 20.60 without breaking down would confirm a buy signal with targets seen on chart.

Keep stops tight on this one if you enter!


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