When the Price of (CHK) Talks, People Listen

January 06, 2024, 23:12 pm ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CHK

• Buy CHK slightly over 76.71 target 82.87 stop loss @ 76.49 Details

The technical summary data tells us to buy CHK near 76.71 with an upside target of 82.87. This data also tells us to set a stop loss @ 76.49 to protect against excessive loss in case the stock begins to move against the trade. 76.71 is the first level of support below 79.2 , and by rule, any test of support is a buy signal. In this case, support 76.71 would be being tested, so a buy signal would exist.

• Short CHK slightly under 82.87, target 76.71, stop loss @ 83.11 Details

The technical summary data is suggesting a short of CHK as it gets near 82.87 with a downside target of 76.71. We should have a stop loss in place at 83.11though. 82.87 is the first level of resistance above 79.2, and by rule, any test of resistance is a short signal. In this case, if resistance 82.87 is being tested, so a short signal would exist.

Swing Trading Plans for CHK

• Buy CHK slightly over 82.87, target 89.25, Stop Loss @ 82.63 Details

If 82.87 begins to break higher, the technical summary data tells us to buy CHK just slightly over 82.87, with an upside target of 89.25. The data also tells us to set a stop loss @ 82.63 in case the stock turns against the trade. 82.87 is the first level of resistance above 79.2, and by rule, any break above resistance is a buy signal. In this case, 82.87, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CHK slightly near 82.87, target 78.59, Stop Loss @ 83.11. Details

The technical summary data is suggesting a short of CHK if it tests 82.87 with a downside target of 78.59. We should have a stop loss in place at 83.11 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 82.87, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for CHK

• Buy CHK slightly over 82.87, target 89.25, Stop Loss @ 82.68 Details

If 82.87 begins to break higher, the technical summary data tells us to buy CHK just slightly over 82.87, with an upside target of 89.25. The data also tells us to set a stop loss @ 82.68 in case the stock turns against the trade. 82.87 is the first level of resistance above 79.2, and by rule, any break above resistance is a buy signal. In this case, 82.87, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CHK slightly near 82.87, target 78.59, Stop Loss @ 83.06. Details

The technical summary data is suggesting a short of CHK if it tests 82.87 with a downside target of 78.59. We should have a stop loss in place at 83.06 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 82.87, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Chesapeake Energy Corporation (CHK) available here: CHK.

CHK Ratings for January 06:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Neutral
P1	0	0	76.71
P2	76.49	76.72	82.87
P3	77.85	78.59	89.25

AI Generated Signals for CHK

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Chesapeake Energy Corporation (NYSE: CHK) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for CHK can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.