Short
CHK- Potential short or New Highs
Chesapeake Energy is coming up on the 6.9-7 area that has proven an area of support and resistance in the past. We recently put in lower highs around 7.50 after retesting the high of 8.00. If we break down though. 6.9, I believe we can see more downside toward 6-6.25.
This stock also has the potential to move back up toward 8 if the 7.00 area holds in the coming days. Just remember that CHK is an energy name!
This stock also has the potential to move back up toward 8 if the 7.00 area holds in the coming days. Just remember that CHK is an energy name!
Note
Taking some long here around support. Let's see what happensNote
in at 6.95 minutes ago. Stop is 6.70
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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.