$CHK 4.17 PT on possible reversal if upside channel breaks.

22 Feb 2018

CHK 4.17 Price target on possible bullish reversal if upside channel breaks.

Trading 2.82 premarket up 7% on earnings. "Chesapeake's profit tops estimates on higher output, prices": https://finance.yahoo.com/news/chesapeakes-profit-tops-estimates-higher-124155507.html?.tsrc=rss

Watch for possible upside target should Chesapeake price action break down channel resistance.

Watch for MACD continuation to bullish side.

For the complete technical analysis on this swing trading set-up, click here: https://compoundtrading.com/swing-trading-periodical-contact/