Long
CHK double bottom and descending wedge.
In this chart you can see that the red line is representing a potential double bottom, as well as the light blue lines representing a descending wedge. currently watching for a bounce and test of the top of our descending wedge, and possible breakout upwards afterwards for the long term. This setup may be quickly invalidated due to fundamentals that the company is going through at the moment, and is severely affected by the price of gas. As one of the most traded stocks on the NYSE, this is definitely one to keep your eye on.
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