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
Order cancelled:
$CHK “Chesapeake Energy Shares Halted By NYSE Amid Reports of Chapter 11 Bankruptcy Plans
Shale gas pioneer Chesapeake Energy, once worth $37.5 billion, has warned of a possible Chapter 11 bankruptcy filing in order to restructure some $9 billion in debts.”
Shale gas pioneer Chesapeake Energy, once worth $37.5 billion, has warned of a possible Chapter 11 bankruptcy filing in order to restructure some $9 billion in debts.”