Re: [RT] CHK update

["Don Ewers" <dewers@xxxxxxxxx>]

Bob,

If you look at the attached chart, historically and seasonally you will be later moving into time frames when the price of Natural Gas has been strong, "favoring" your trade.  Additionally the current price is on a long term "eighth" going back to 1991, which should provide some support, as well as being on a trendline from 2001.

 

On a daily and 60min chart  of CHK (not attached since as I recall  you are not an EW follower) it is in a "5th of a 5th", not a bad place to build a position.

Don Ewers

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