Harshblue..CHK made a divergent high on the last attempt higher
and is now pulling back. The pattern still holds promise if
CHK can find support and turn back higher.
yep it stopped at resistance again, obviously affected by the
market. the pattern is still intact for now would like to see
it hold the 50 day MA and not go too deep, The stochastics are
pointing down and if the market has more correction left, I expect
CHK to test lower prices
Matt/Steve - your thoughts on CHK?
Posted by harshblue on 22nd of Mar 2012 at 12:43 pm
http://stockcharts.com/h-sc/ui?s=CHK&p=D&yr=0&mn=10&dy=15&id=p52394994190&a=258698329&listNum=59
Looks like low volume decline last 2 days. But it has taken back gains from previous 4 days. what does that suggest?
Harshblue..CHK made a divergent high
Posted by steve on 22nd of Mar 2012 at 01:01 pm
Harshblue..CHK made a divergent high on the last attempt higher and is now pulling back. The pattern still holds promise if CHK can find support and turn back higher.
http://stockcharts.com/h-sc/ui?s=CHK&p=D&yr=0&mn=10&dy=15&id=p52394994190&a=258698329&r=1332435528016&cmd=print
yep it stopped at resistance
Posted by matt on 22nd of Mar 2012 at 12:59 pm
yep it stopped at resistance again, obviously affected by the market. the pattern is still intact for now would like to see it hold the 50 day MA and not go too deep, The stochastics are pointing down and if the market has more correction left, I expect CHK to test lower prices
CHK
Posted by andyf52 on 22nd of Mar 2012 at 12:51 pm
60 period slow stoch on the daily is at 80.11 Worth another look if it drops thru IMHO