Possible projection to .786 timeline @ Feb 13, Price Value of 21.39
Bullish gap off of support. Victor Gonzalez - stop 19.02, target 24.98.
Hanging man, bearish engulfing yada yada... fail to break resistance, bearish divergence u name it this stock got it.
I have been looking for bullish opportunity for $CHK and price is likely formed a support on weekly chart. A Bullish Put BWB (1-3-2 setup) will be nice for start here.
#CHK daily bullish chyper pattern potential is supported with Weekly chart analysis, where is in 78.6% fib retracement area. I am looking for bullish momentum to ride on it.
$CHK is supported at 26.35 area and potential for bullish chyper with minimum target at 30.45 area. I am expecting bullish candle formation to ride the trend. #CHK
$CHK is supported at 28 - 27.5 area, Bullish swing is likely confirmed and my first target is 30.45 area to build crown top and fill the gap. A worst scenario is moving more deeper to 27-26 area and back to the top 30.45 are.. I don't think it will go deeper any time soon, if it does.. then.. "I KILL U..." (Achmed-JeffDunham)
There were many winning trades looking for rejection or Traps off high volume spike levels. Try marking up your favourite stocks where volume spiked and see how price reacted off those levels. This is just a naked chart with no indicators except for price action and volume. Simplify your charts to improve your skills.