CHK is following-through to the downside after falling out of a consolidation wedge last week Tuesday (April 12) (read herehttp://steadytrader.wpengine.com/chesapeake-energy-chk-failing-at-important-levels/). We discussed price targets in the morning newsletter today and are managing the position accordingly in the chat-room. Our first target price is $31.
There is no doubt that the tape is feeling heavier since last week's sell-off. One of the sectors that is feeling particularly heavy is the energy sector. I always feel that partticularly for ETFs that nowadays get thrown around as if they are an individual stock, it is particularly important to be aware […]