$5.00 resistance/unofficial price target on CHK was just hit. Pullback is likely although the stock could punch up through that horizontal resistance + downtrend line any day now, possibly today. I just sold all shares but will keep this one on my radar for another possible long entry. CHK daily April 12th Should [...]
Ding-Ding! (As in the bell for round 2 in CHK that rang at the open today, or more accurately, started ringing in pre-market this morning when I highlighted the stock catching a nice bid in pre-market session). By all accounts, today' price action appears to be the start of round 2, with the first round [...]
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 [...]
What started out as a 'quick overview' of the Active Long Trade ideas currently listed on the site, morphed into a longer video going discussing the outlook these long-side trade ideas as well as some trading tips & suggestions several ways in which to profit from the official trade ideas listed on the site. As this video is quite extensive, one could skip ahead to view the comments on any positions or trade ideas they are interested in. Registered users log in to view a listing to all trades covered, along with the point they are discussed in the video.
Upon further review of the charts, including the fact that XOP (S&P Oil & Gas E&P ETF) is approaching resistance were a reaction is likely, I have decided to close the CHK (Chesapeak Energy Corp) trade here at 4.64, locking in a 49.2% gain in less that 24 hours. The fact CHK moved up so [...]
First target hit for a 17% gain in just over 2 hours. Consider booking partial or full profits and/or raising stops, depending on your trading plan. T2 remains the final target at this time although a pullback on the initial tag of the 3.70ish level is likely. The way I traded/am trading CHK [...]
CHK Chesapeak Energy Corp trade idea with price targets & suggested stop. Daily chart shown.