CHK
$CHK | Potential Path Outlined |Hello Traders,
The potential path outlined should take course over the next several months. Updates will come along as we move forward.
CHESAPEAKE ENERGY CORPORATION (CHK): Pivot, Support, ResistencesFind Winning Trades In Seconds >> efcindicator.com (Special Discount)
CHESAPEAKE ENERGY CORPORATION (CHK): All The Pivots, Supports & Resistences
CHK LONG @ $1.60EW AND PATTERN ANALYSIS
RSI ON THE DAILY IS AT 60 THE CHART BELOW ILLUSTRATES THE MAJOR SELLS THAT HAVE OCCURRED WHEN REACHING ~63
LONG - BULLISH INDICATORS! ADDING 500,000 SHARESAfter solid earnings, SWN just started moving up within the last few days with the price of Natural Gas.
The stock is trading at an extreme discount to other Natural Gas Companies.
Looking at the Weekly Chart... (We are not day traders)
Accum/Dist - Trending Up - BULLISH
On Balance Volume Trending Up - BULLISH
Stochastics Trending Up, Just Crossed the center line - BULLISH
RSI trending up, just crossed the center line - BULLISH
MACD flat looking to break up - BULLISH
Looking at the Monthly Chart...
All indicators mentioned above are trending up - BULLISH
RSI and MACD indicators look like the stock is going to run much higher!
RSI is trending up and HAS NOT even come close to the center line - BULLISH
MACD is below the center line trending up - BULLISH
SWN has plenty of room on the monthly chart to spike up to the $22.00 a share price!
Southwestern Energy Company (NYSE:SWN) is trading with a trailing P/E of 5.5, which is lower than the industry average of 13.6.
Summary for Southwestern Energy (SWN)
Profitable and cash flow neutral.
Trading at deep discount on price to book value multiple and price to net income multiple basis.
No significant debt maturity till 2022.
Cash on hand represents 50% of the market cap.
Increased focus on shareholder value.
"Seeking Alpha Article"
POSITION: 1,000,000.00 SHARES - BULLISH CHARTS & INDICATORS!As our Followers know, we've been in and out of Southwestern Energy.
Today, we opened up another somewhat large position because we feel SWN is a better company, and financially stronger, than when the stock was trading at $52.82 back in 2010.
Looking at the charts...
Daily, Weekly and Monthly
Monthly Chart - Stochastics, RSI and MACD are turning up - BULLISH
March of 2016, SWN went from around $6.00 and ran to almost $16.00 within 8 to 12 weeks.
We see the same picture lining up today within the charts.
Our forecast for Natural Gas - It should hit between $4.50 and $6.00 moving into the Winter which will be extremely BULLISH for SWN.
The amazing thing about this stock is this, the price has been trading under the cloud since November of 2014 and its still making huge gains in price.
As for the Monthly Chart...We see no "major" resistance until SWN hits upwards of $25.00 especially if the price can close above and / or around $7.10 to $7.25.
Weekly Chart - On Balance Volume, Stochastics and RSI are Turning Up - BULLISH
MACD is hugging the Center Line ready to break above - BULLISH
On the Weekly Chart, SWN needs to close around $5.75 and the stock should run higher.
Daily Chart - SWN is above the cloud with support around $5.40, exactly around where it held today before bouncing off the low of the day.
SWN is a pure turnaround story and we think now is the time to take a large position.
With over 90% of institutional investors owning the stock, we are not the only investors who think something good is coming!
POSITION: 1,000,000 SHARES
AVERAGE PRICE: $5.46
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Accumulation in Phase D / LPSGood spot to long $CHK if you are a Wyckoff student. This accumulation trading range has produced significant cause with conservative projected target of $24.
9 buying tests:
1. Downside price objective accomplished? Yes
2. Preliminary support, selling climax, secondary test? Yes
3. Activity bullish (volume increases on rallies and decreases on reactions)? Yes
4. Downward stride broken (that is, supply line penetrated)? Yes
5. Higher supports? Yes, 1
6. Higher tops? Yes, 1
7. Stock stronger than the market? Yes, vs $XOP, $XLE, $SPN
8. Base forming (horizontal price line)? Yes
9. Estimated upside profit potential is at least three times the possible loss? Yes
CHK POTENTIAL 3 WAVE CORRECTIONCHK seems in the middle of a corrective phase. Good possibilities to complete a 3 wave correction.
CHK before lifting... The exchange rate is expected by a 1,5x D1 ATR wave rise. Then you can continue with a correction mechanism. The correction wave structure support or resistance level can be given by a wave axis and a peak axis. From this imaginary triangle upwards, a significant increase is expected in the exchange rate. We are looking for 1,5xD1 ATR size. With a target price, its peak can be $ 6.3 usd.
Testing bottom trendIn at 6.55 since its oversold and testing the bottom of the channel yet again after oily mess this morning. Looking for a good bounce
CHK 1 Hour Elliott Wave AnalysisHello Traders,
In this 1-hour Elliott Wave analysis, we will have a look at the CHK stock.
Up from 02/09/18 low, CHK it’s proposed to be nesting higher, where it ended blue wave (1) at the peak of 02/23/18 (3.45) and blue wave (2) pullback at the low of 03/02/18 (2.76).
Up from that low, current view is suggesting that the stock is in a extend blue wave (3), where it ended internal red wave 1 at the peak 05/22/18 (5.00) and red wave 2 pullback at the low 05/25/18 (4.09).
From there it completed black wave ((i)) at the peak of 06/11/8 (5.10) and black wave ((ii)) pullback at the low of 06/15/18 (4.54).
Up from 4.54 low, it ended a 5 wave Elliott Wave leading diagonal structure in blue wave (i) at the peak of 06/22/18 (5.13) and the proposed pullback in blue wave (ii) ended at 06/26/18 low (4.77) in an Elliott Wave triple structure.
Up from there, we are calling red wave i completed at 06/27/18 peak (5.45) and the pullback in red wave ii at 06/28/18 (5.04) completed as well.
As long as CHK stays above 5.04 low and more importantly the pivot at 4.77 low stays intact in our distribution system, we are expecting it to extend higher. However, a double correction lower in red wave ii can't be ruled out as long as the stock does not break red wave i peak. We don't like the selling as the right side remains to the upside.
Chesapeake Energy (CHK). Upside potential is huge.The old follower @Abhimi4u asked me about a favor to make a chart analysis for CHK.
Before I start, often people enter the stock and then try to analyze it be it FOMO or other emotional trading type.
Avoid such trading style - market always moves and hence offers the everyday opportunity especially when we got the millions of stock names
so trade only when you are sure.
Here we go.
First of all, please always check company's fundamentals, I use finviz.com and gurufocus.com for this.
And only then we should use chart analysis.
So this is just my view.
The CHK is in possible long lasting consolidation WXY.
The last leg up could hit the upper side of the white channel.
But I recommend to cover longs if any when the price will reach the former top at the 8.20 for safer play.
The wave Y already broke out the yellow resistance so the odds are in favor of the follow through buying.
Trading Idea - CHK (Elliott Wave Analysis) CHK looks like it is starting the third impulse wave. After retracing towards the 0.382 level and going through the ABC correction waves, followed by the first impulse wave of the new cycle, it now looks prone to retrace to the 0.618 level (6$) short term if it closes above 5$ in the next few sessions. Possible return 22%+.
CHK Short term perspectiveHello All,
Short trade. I placed a PUT at $4.96 and it may bounce on that lower trend line.
Stochastic RSI is rearing its way downward.
OBV_OS is also rearing its way downward.
I drew my 5 impulse subwaves of a potentila larger wave 1 and I see this retracing a bit.
I will flip my position pending on a daily chart though.
Again this very short trade.
$CHK Closes above key resistance$CHK Broke through and closed today above key resistance at $4.50
Next near term target = 5.00
CHK - Hammer at bottom of trendCHK hit a new 52 week low and bounced immediately.
The Hammer Candle at the bottom here COULD result in a power move to the upside.
If a new low is formed i'll exit the trade.
Positive DynamicsHi guys. Here's a high volume stock idea today. It's a happy Sunday here and I'll try to post more today if I don't forget. Have a nice day.
CHK Buy and HoldThis is clearly a downtrend happening for CHK stock, according to technical analysis. If you look at the fundamental analysis side, Zacks Rank says #3 meaning hold. This makes sense because although technical analysis does not effectively work in the stock market, we can still apply the fundamental teachings of technical analysis in the stock market. From the chart, we can see that CHK stock keeps declining; there has to be a reason for its decline: shareholders are losing faith in the company, the company is performing worse, or whatever the case may be. So it is clear that the company's stock is declining, but we have to remember a fundamental principle: these companies are run by employees. If the company's stock keeps declining, the company isn't performing well, meaning that the company's future doesn't appear too bright. And what does that mean? LAYOFFS! So what am I saying? Is CHK going to go up or down? I'm saying that the stock CAN and will decline, but only to a certain point. If the company's stock keeps spiraling down, then of course the big bosses will interfere and make changes to the company to help prevent the company from performing as bad as it used to. So what does this mean? It means THE STOCK WILL EVENTUALLY GO UP. So all you need to do is buy and hold. Here's the exact strategy: buy and hold, and for every 10% decline in the stock price, buy the SAME AMOUNT OF SHARES EACH TIME, and hold until the stock price jumps up past your overall breakeven point. CAUTION: DO NOT ATTEMPT THIS WITH HIGHER PRICED STOCKS THAN $10 AS THOSE STOCKS HAVE THE CAPACITY TO DROP MORE THAN LOWER PRICED STOCKS AND ALSO, THEY MAY NEVER RETURN BACK TO THE BREAKEVEN POINT. I found this strategy trading in a demo app and I've turned $25,000 into $16 million in over a week! Of course there are limitations, so PLEASE TRADE CAREFULLY and do your own research. I am still working out the kinks of this strategy and how to maneuver around the live market. That's all I have to offer for now. Let me know how it goes, Peace!
