Chesapeake Energy Corporation ( NASDAQ:CHK ) has set the stage for a significant shakeup in the energy industry by announcing its acquisition of Southwestern Energy Company ( NYSE:SWN ) in an all-stock transaction valued at $7.4 billion. The deal positions Chesapeake, the second-largest U.S. natural gas producer, to claim the top spot in the industry. Let's delve...
On the chart we can see a falling wedge pattern with lower highs and lower lows.
We anticipate the price to reach the resistance. As it is a strong resistance, we anticipate the price to get rejected. Next, we expect another upsloping attempt toward the resistance level.
Good Luck!
southwestern energy inverse head & shoulders Monthly time frame - looking for a pullback to 6.5-6,7p region for entry before continuation of newly formed uptrend.
inverse H&S targeting 11.22. coming out of stage 1 base (consolidation period and into stage 2 uptrend. Energy sector analysis = Bullish.
disclaimer: I am a beginner posting my analysis as a way of...
Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs) in the United States. It operates through two segments, Exploration and Production, and Marketing. The company focuses on the development of unconventional natural gas and oil reservoirs located in...
