CHK (Chesapeak Energy Corp) was a recent official long trade (March 2nd - 3rd) that hit the final target for a 49% gain in less than 24 hours from entry. After kissing the downtrend line & pulling back within this falling wedge pattern, the stock now looks ready for the next thrust up.

CHK daily April 11th

CHK daily April 11th

As the stock has started to move in pre-market, I'm going to wait see how it opens before deciding whether or not to add this as an official trade idea. Whether I do or don't, for those interested, my initial & minimum price target would be that same downtrend line from the previous trade which currently comes in right around the 5.00 resistance level & my stop would be on move below 3.65, possibly higher, depending on my entry price.