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!
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!