CHK BreakoutPrice is breaking out above the trendline that is dominant (up)
I wonder how high this will go
100MA has continually been tested
Chkhold
CHESAPEAKE ENERGY CORP (CHK) DailyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
CHK Buy and HoldThis is clearly a downtrend happening for CHK stock, according to technical analysis. If you look at the fundamental analysis side, Zacks Rank says #3 meaning hold. This makes sense because although technical analysis does not effectively work in the stock market, we can still apply the fundamental teachings of technical analysis in the stock market. From the chart, we can see that CHK stock keeps declining; there has to be a reason for its decline: shareholders are losing faith in the company, the company is performing worse, or whatever the case may be. So it is clear that the company's stock is declining, but we have to remember a fundamental principle: these companies are run by employees. If the company's stock keeps declining, the company isn't performing well, meaning that the company's future doesn't appear too bright. And what does that mean? LAYOFFS! So what am I saying? Is CHK going to go up or down? I'm saying that the stock CAN and will decline, but only to a certain point. If the company's stock keeps spiraling down, then of course the big bosses will interfere and make changes to the company to help prevent the company from performing as bad as it used to. So what does this mean? It means THE STOCK WILL EVENTUALLY GO UP. So all you need to do is buy and hold. Here's the exact strategy: buy and hold, and for every 10% decline in the stock price, buy the SAME AMOUNT OF SHARES EACH TIME, and hold until the stock price jumps up past your overall breakeven point. CAUTION: DO NOT ATTEMPT THIS WITH HIGHER PRICED STOCKS THAN $10 AS THOSE STOCKS HAVE THE CAPACITY TO DROP MORE THAN LOWER PRICED STOCKS AND ALSO, THEY MAY NEVER RETURN BACK TO THE BREAKEVEN POINT. I found this strategy trading in a demo app and I've turned $25,000 into $16 million in over a week! Of course there are limitations, so PLEASE TRADE CAREFULLY and do your own research. I am still working out the kinks of this strategy and how to maneuver around the live market. That's all I have to offer for now. Let me know how it goes, Peace!
