Wednesday, 11 June 2014

CHK - broadly headed higher

Whilst the main market saw moderate weakness across the day, there was noticeable strength in Chesapeake Energy (CHK), which settled higher by 2.75% @ $30.02. Near term outlook is bullish, probably into early/mid July.

CHK, daily

CHK, weekly


Little to add.

The broader trend remains to the upside, and the $34s look a viable target by mid July. From there....if the main market rolls over...then so will CHK.