Long
Price above MA 100 and MA 50
Its been almost 180 trading days since the last time the price of Chesapeake Energy has closed above daily MA 100 . A large correction its feasible as long price stays above MA 100. Therefore, its good to go long at market with an initial target at 120.00
Order cancelled
CHK “Chesapeake Energy Shares Halted By NYSE Amid Reports of Chapter 11 Bankruptcy PlansShale gas pioneer Chesapeake Energy, once worth $37.5 billion, has warned of a possible Chapter 11 bankruptcy filing in order to restructure some $9 billion in debts.”
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.