Chesapeake has lots of upside potential, there's a real risk that shares could plunge if oil prices cool off. That's why investors might want to watch this red-hot oil stock from the sidelines and consider one of these less risky options instead.
Hey everyone, welcome back to my justification to myself on why I do this. Last week we failed out, I took position too early and forced a trade. This time, I'm forcing something to happen by bookending this trade with a big ol event called quarterly earnings.
Last time CHK posted earnings they gapped up 10%. We're looking for a repeat.
I'll stop myself out of...
Good evening everyone,
CHK is being on a huge downtrend for some years already, pretty much since 2014, the question is, how deep a stock can go?
The answer is, 0, of course, but what about new ATH's ? the answer is, infinite and beyond =)
This stock just rejected again the 1.80 support level from FEB/16 and now its being on a slighty uptrend (H4 chart).
$CHK has had a continuous bullish trend since December that bounces off of an ascending channel. With the channel being confirmed four times and reaching a resistance line at $3.20 I believe a major breakout is about to occur.
CHK on the weekly of course descending triangle
But has actually been trading within a nice little range
The range is 562 points its aiming mind way, around 5.10 because its near these lows it's definitely going to need some work to push this thing up. Gotta nice harmonic pattern setting on the daily chart but its gotta push through $3 and then you'll have...