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Trend Tracker for Chesapeake Energy Corporation $CHK

Longer Term Trading Plans for CHK
  • Buy CHK slightly over 75.81 target 82.98 stop loss @ 75.59 Details
  • The technical summary data tells us to buy CHK near 75.81 with an upside target of 82.98. This data also tells us to set a stop loss @ 75.59 to protect against excessive loss in case the stock begins to move against the trade. 75.81 is the first level of support below 80.98 , and by rule, any test of support is a buy signal. In this case, support 75.81 would be being tested, so a buy signal would exist.

  • Short CHK slightly under 82.98, target 75.81, stop loss @ 83.22 Details
  • The technical summary data is suggesting a short of CHK as it gets near 82.98 with a downside target of 75.81. We should have a stop loss in place at 83.22though. 82.98 is the first level of resistance above 80.98, and by rule, any test of resistance is a short signal. In this case, if resistance 82.98 is being tested, so a short signal would exist.

Swing Trading Plans for CHK
  • Buy CHK slightly over 82.98, target 83.27, Stop Loss @ 82.74 Details
  • If 82.98 begins to break higher, the technical summary data tells us to buy CHK just slightly over 82.98, with an upside target of 83.27. The data also tells us to set a stop loss @ 82.74 in case the stock turns against the trade. 82.98 is the first level of resistance above 80.98, and by rule, any break above resistance is a buy signal. In this case, 82.98, 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 82.98, target 80.96, Stop Loss @ 83.22. Details
  • The technical summary data is suggesting a short of CHK if it tests 82.98 with a downside target of 80.96. We should have a stop loss in place at 83.22 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, 82.98, 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 81.82, target 82.98, Stop Loss @ 81.63 Details
  • If 81.82 begins to break higher, the technical summary data tells us to buy CHK just slightly over 81.82, with an upside target of 82.98. The data also tells us to set a stop loss @ 81.63 in case the stock turns against the trade. 81.82 is the first level of resistance above 80.98, and by rule, any break above resistance is a buy signal. In this case, 81.82, 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 81.82, target 80.96, Stop Loss @ 82.01. Details
  • The technical summary data is suggesting a short of CHK if it tests 81.82 with a downside target of 80.96. We should have a stop loss in place at 82.01 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, 81.82, 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.

Real Time Updates are available on our Chesapeake Energy Corporation (CHK) Page here: CHK.

CHK Ratings for November 29:

Term →Near Mid Long
Rating Neutral Weak Neutral
P1 0 0 75.81
P2 80.64 80.96 82.98
P3 81.82 83.27 90.54
Triggers may have already come
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Support and Resistance Plot Chart for CHK

CHK Long Term Analysis for November 29 2023

Blue = Current Price
Red= Resistance
Green = Support

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The data for Chesapeake Energy Corporation (NYSE: CHK) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for CHK change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if CHK is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for CHK too.  All of these are offered below the Summary Table.