Chesapeake Energy Corp (CHK) (d-w-m) (p1)

Friday, 3/18/2016 is third Friday of the month options expiration, ** and ** Quadruple witching Friday.   Thursday, 3/31/2016, is the last trading day of March 2016 as well as the last trading day of the first quarter of 2016.   With only 14 trading days left in Q1 2016, expect Funds to be “window dressing”, buying winners and selling losing shares, for their upcoming Q1 2016 investor reports.

   A select few Chesapeake Energy Corp (CHK)  fundamental questions:

  •   Will crude prices continue to rally?
  •  Will natural gas (Nat Gas) prices recover and trend higher?
  •  Can Chesapeake Energy Corp (CHK) complete asset sales at prices better than those found at a fire sale? 
  • Will Funds acquire …. or dump Chesapeake Energy Corp (CHK)??  

 

    Disclosure:  I own shares in Chesapeake Energy Corp (CHK).   I am doing this “Bull and Bear“, “Pros/Cons“,  chart analysis for myself, as my homework, and due diligence, on my investment in Chesapeake Energy Corp (CHK) and  sharing, what I am seeing in that analysis, with you today for next week’s trading.   Sorry, the Chesapeake Energy Corp (CHK) fundamentals analysis is a separate draft and is currently still a work in progress.   

Related Chesapeake Energy Corp (CHK) blogs:

Chesapeake Energy Corp (NYSE: CHK)

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chk 20160311mom

The above CHK Daily chart #1  incorporates multiple momentum indicators:

  •  The Relative Strength Index (RSI)
  • The Commodity Channel Index (CCI)  (bearish)
  • The Moving Average Convergence Divergence (MACD) (bullish)
  • The Stochastic (Stoch)    (bearish)

 

chk 20160311d

Chesapeake Energy Corp (CHKDaily chart #2 w/Money Flow Indicator

(1)  Analysis of Daily chart activity through Friday’s (3/11/2016) close at   4.70
The current trend is up and all orders on the long side may be considered.  The current market price activity is Strongly Bullish and suggests favorable trade opportunities on the long side.  Look at that Money Flow Indicator at +89.4456.
If already holding long positions, look to take partial profits on any retracement to 2.55   Traders with remaining long positions, after profit taking, should consider placing capital conserving stops in the region of 2.50.   Be prepared for a potential short term price pull back to the 3.91 area.
   Suggested placement of capital conserving stops:
If Long, exit all contracts at:      2.07
If Short, exit all contracts at:      5.76
 (1a) Daily chart Candlestick Review of Chesapeake Energy Corp (CHK) as of 3/9/2016
  •  A white body occurred (because prices closed higher than they opened).  During the past 10 bars, there have been 5 white candles and 5 black candles.  During the past 50 bars, there have been 24 white candles and 25 black candles for a net of 1 black candle.
  •  A bullish harami occurred (where the current small white body is contained within an unusually large black body).  During a downtrend this pattern implies an end to the decline as the bears appear to have exhausted themselves.  During an uptrend (which appears to be the case with Chesapeake Energy Corp) the bullish harami pattern is bearish as the bears appear to be gaining strength as the bulls weaken.
  •  A spinning top occurred (a spinning top is a candle with a small real body).  Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close).  During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
(1b) Additional Daily chart observations, analysis, and projections
For 3/11/2016 the closing price was 4.70
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
  :: Please Note:  this chart shows extraordinary price action to the upside.
 
 Projections:
The upper projected target is: 5.77.
The lower projected target is: 3.63.
The projected closing price is: 4.70.
  :: Please Note:  these price projections are for reference only, and can be easily exceeded by Mr. & Ms. Fickle Markets
chk 20160311w
Chesapeake Energy Corp (CHK Weekly chart #1 w/MACD
(2) Analysis of Weekly chart activity through Friday’s (3/11/2016) close at   4.70
   Be prepared for a potential short term price fall back to the 4.05 area.   The current trend is down and all orders on the short side may be considered.   If already holding short positions, look to take partial profits at  any retracement to 5.76.  Traders with remaining short positions, after profit taking, should consider placing capital conserving stops in the region of 5.76.
Suggested placement of capital conserving stops:
If Long, exit all contracts at:      1.50
If Short, exit all contracts at:      5.76
chk 20160311m
Chesapeake Energy Corp (CHK Monthly chart #1 w/MACD
(3) Analysis of Monthly chart activity through Friday’s (3/11/2016) close at   4.70
   The current trend is down and all orders on the short side may be considered.   The current market price activity  is Strongly Bearish and suggests favorable trade opportunities on the short side.  If already holding short positions, look to take partial profits at  any retracement to 11.90.  Traders with remaining short positions, after profit taking, should consider placing capital conserving stops in the region of 16.98.  Be prepared for a potential short term price rally back to the 7.46  area.
Suggested placement of capital conserving stops:
If Long, exit all contracts at:      1.50
If Short, exit all contracts at:     21.49
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——  Monday, 3/14/2016 thru Friday 3/18/2016  ——-

 

( x)   All Links can be opened in a new tab or new window …

  •  ( xi )  I will be returning and adding more related chart info including links to charts with  daily, weekly, and monthly chart analysis

 

Please read:

 
              [ More  Blogs ]
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   Hope the above Chesapeake Energy Corp (CHK) calculations for Monday, 3/14/2016
help your investing and trading today …
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