CHK- Potential short or New Highs
Updated
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!
Comment
Taking some long here around support. Let's see what happensComment
in at 6.95 minutes ago. Stop is 6.70
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