Price above trendline and rejecting MA 50. final impulse wave (5)
Good to go long at market with an initial target at 31.50 (current MA 100); a close above this level will open a window to 138.2 fib extension and close to MA 200 , currently at 34.9.
Price near MA 200, MA 100 and MA 50. Fib retracement 61.8 also near. Good to go long at market with initial target @ 200.00
Cancel trade if proce closes below 180.00
Not trading advice, just personal analysis.
Price broke resistance at 162.70 price also above MA 200, MA 100, MA 50
Good to go long at market with an initial target @ 179.00 and a long term target of 191.00
Cancel trade if price closes below MA 200 (daily, currently at 159.43 +/-)
Price finally broke 1440, price also above MA 200, MA 100, MA 50. Gap to be filled. Good to long at market with an initial target of 1529.00 and longer term target @ 1725.00
Cancel trade if price closes below 1400.00 (daily)
Its been almost 180 trading days since the last time the price of Chesapeake Energy has closed above daily MA 100 . A large correction its feasible as long price stays above MA 100. Therefore, its good to go long at market with an initial target at 120.00