Stock Watch • CHK, Chesapeake Energy

CHK is gapping up into possible resistance on the daily chart. Look to take CHK short on a new low below the open with strong volume. Wait at least 2 minutes after the market opens and look to take it short once it makes a new low of the day. If CHK moves up at the open simply set an alert at the low of day and take it short if it breaks that low of day. First target is .21 from your entry, second target is .42 from your entry. Manage the last piece with a trailing stop. Remember to always use a stop. Statistics: Posted by Exactrades — Wed Jan 30, 2013 10:03 am

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Stock Watch • CHK, Chesapeake Energy