CHK before 100% rise... The exchange rate correction was 1.59 usd. I expect a rising fractal from this level. It has the shape and size of the first fractal. If the theory is correct, the target price rise is 3.5 usd.
CHK
Possible Buy CHF ASX Position !!SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1 - 3 weeks
Actions on -
A – Activating Event
Market will find support in zone @ Current Levels - .... and move to the 0.022 . In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 0.022
ASX:CHK
Trade Management
Entered @ .....
Stop Loss @ .....
Target 1 @ 0.022
Target 2 @ ....
Risk/Reward @ 3.1
Happy trading :)
Follow your Trading plan, remain disciplined and keep learning !!
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
LONG Options Trading: Chesapeake Eng(CHK) Buy Call $2 Exp: 7/19
Understanding The trade:
As an options trader my goal is to identify trend change and utilize a breakout strategy to leverage profit off of major trend changes with minimal risk. Even though this contract does not expire till 7/19 I will be looking to take profit by early July as the rate of decay factor starts to come into play as the contract approaches expiry. This should correlate nicely with the Fib Retracement lvl.382. If you have any questions, please feel free to comment below and follow. Thank you and trade safe.
Reasons For Trade:
• Bounced off the Dec 19' low of 1.70~1.80 lvl
• Broken downward channel (1D chart May 20th -June 20th)
• Broken RSI Channel
• RSI Overbought > 30
Trade Parameters:
• Broker: Robinhood
• Cost For Entry: Free
• Contracts: 15
• Entry Price: .13
• Risk: $195
• Reward: $195
• ROI: 100%
• Risk/Reward Ratio: 1:1
Halliburton the evil cash machinelook for a bounce as gas/ petro rebounds, and the Maduro regime collapses (opens the door to western capitalist energy companies)
Wait until sub $20 to get in, still haven't seen a capitulation bottom candle yet on the 1W (look for vol total greater than 90 million, preferably 115+ )
WHY SO MANY SHORTS I would love to ramble about geopolitics, but that aside, the real deal I see is bear overreacting party here.
Elliott wave approach:
ABC corrective wave is completed. It's time for a bull run.
Trend line approach:
3 times tested channels is having a fourth try.
Others:
Daily Exponential Moving Average +SMA 50/100/200 are showing 4 supports and 2 resistances.
CHK before 35% increase. The exchange rate has reached the bottom of its correction level. He mentioned my previous analysis. I expect a rise from this level. I look forward to the rise by building a double wave structure. The rise target price is 3.22 usd.
CHK exchange rate before 11% decrease...The exchange rate can build an additional falling wave structure. The target price is 2.18 usd. I expect a rise from this level later. For the time being, it is advisable to keep short positions.
CHK - Could Have More Room to RunChesapeake has lots of upside potential, there's a real risk that shares could plunge if oil prices cool off. That's why investors might want to watch this red-hot oil stock from the sidelines and consider one of these less risky options instead.
CHK Update: Uranium producers await US presidential decisionReflecting on our positions and where this trade is likely to trade
CHK - OverviewGood evening everyone,
CHK is being on a huge downtrend for some years already, pretty much since 2014, the question is, how deep a stock can go?
The answer is, 0, of course, but what about new ATH's ? the answer is, infinite and beyond =)
This stock just rejected again the 1.80 support level from FEB/16 and now its being on a slighty uptrend (H4 chart).
If we see the last weekly candle closure, it closed RIGHT on our 50 ema which may work as resistance (monday open will tell us) and above H4 200 sma level, what concerns me was the next candle.
Almost the same volume as the previous one but too little progress, exhaustion ?
I expect price to return to yellow uptrend (H4 chart) and then go test our big weekly downtrend (pink line), shall price reject the weekly downtrend then we can try short this stock to current 1.80usd bottom level.
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
Update CHK: Ascending triangle ready to breakout!Section 232 Uranium tariffs this month is likely to be a driver on the natural gas price ultimately pushing Chesapeake higher!
Natural Gas low in place, 20% upside from here!With section 232 Uranium tariffs around the corner, natural gas is lining up perfectly for an event-driven opportunity to get long!
Update CHK: Position is hedge but performing VERY wellChesapeake is likely to see some real buying into April if section 232 tariffs on Uranium are passed (high probability)
UPDATE: Why is USOIL rallying?Would love to hear your perspective in the comments sections below!
Have a wonderful day!
IMPORTANT LESSON: Chesapeake Energy (CHK) dropped 8%, what now? When investing in single stocks there is balance sheet risk, in this case, its the CoCo Bonds that worry me so CHK has to be part of a diversified portfolio.
WEEKEND REVIEW: Natural Gas is oving as expected, target >$7Our wave 2 low from support looks to be holding strong. I believe the wave 3 has started and section 232 tariffs on Uranium as likely to be the driver moving forward.
The target for Wave 3 is above $7, section 232 announcement is in April.
CHK Cup and HandleEarnings were solid, lots of shorts, cup and handle. Looking for a follow through, could dip a bit tomorrow though.
Might take a few weeks to get there but $3.5 should be easy, 2k shares. Cheap play.
UPDATE: Nat Gas part II, 200% upside in CHKI don't like to post about single equities due to the balance sheet risk they propose, this is a company I have bought to take advantage of the outcome of section 232 as mentioned in the earlier update on Natural Gas.
manage your risk effectively and don't be a blind sheep, this is not advise!
