AtoHoward
Long

CHK Ascending Triangle Pattern

NYSE:CHK   CHESAPEAKE ENERGY CORP
CHK             had strong downward channel trend that turned around in Feb 2016. Ascending triangle pattern formation, on monthly, weekly and daily timeframes, for long-term swing in price to break upper resistance @ ~$8.00 (this is daily chart ).

Again, RSI has been so graceful in confirming possible short or long entries for the whole duration of the triangle's existence. RSI expected to drop with price (yellow ellipse on RSI chart); personally expect move to about $6.30 (yellow circle on chart proper), then turn around for upward swing to $8.00 resistance level .

If CHK             can break $8.00, it can be a huge feast from there (possibly hit old $13 support level ); it's a waiting game now. Wait for RSI confirmation and enter long around $6.50-$6.30.

However, outcome of earnings has potential to make or break chart pattern.
Deutschland
United States
United Kingdom
India
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Startseite Aktien-Screener Devisen Signal-Finder Kryptowährung Signal-Finder Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Bitte um Kennzeichnung Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Priorität-Unterstützung Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden