This is clearly a downtrend happening for CHK stock, according to technical analysis. If you look at the fundamental analysis side, Zacks Rank says #3 meaning hold. This makes sense because although technical analysis does not effectively work in the stock market, we can still apply the fundamental teachings of technical analysis in the stock market. From the chart, we can see that CHK stock keeps declining; there has to be a reason for its decline: shareholders are losing faith in the company, the company is performing worse, or whatever the case may be. So it is clear that the company's stock is declining, but we have to remember a fundamental principle: these companies are run by employees. If the company's stock keeps declining, the company isn't performing well, meaning that the company's future doesn't appear too bright. And what does that mean? LAYOFFS! So what am I saying? Is CHK going to go up or down? I'm saying that the stock CAN and will decline, but only to a certain point. If the company's stock keeps spiraling down, then of course the big bosses will interfere and make changes to the company to help prevent the company from performing as bad as it used to. So what does this mean? It means THE STOCK WILL EVENTUALLY GO UP. So all you need to do is buy and hold. Here's the exact strategy: buy and hold, and for every 10% decline in the stock price, buy the SAME AMOUNT OF SHARES EACH TIME, and hold until the stock price jumps up past your overall breakeven point. CAUTION: DO NOT ATTEMPT THIS WITH HIGHER PRICED STOCKS THAN $10 AS THOSE STOCKS HAVE THE CAPACITY TO DROP MORE THAN LOWER PRICED STOCKS AND ALSO, THEY MAY NEVER RETURN BACK TO THE BREAKEVEN POINT. I found this strategy trading in a demo app and I've turned $25,000 into $16 million in over a week! Of course there are limitations, so PLEASE TRADE CAREFULLY and do your own research. I am still working out the kinks of this strategy and how to maneuver around the live market. That's all I have to offer for now. Let me know how it goes, Peace!
評論
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CORRECTION: NOT BUY THE SAME AMOUNT OF SHARES EACH TIME, BUT BUY THE SAME DOLLAR VALUE OF THE ORIGINAL POSITION SIZE EACH TIME. FOR EXAMPLE, IF YOU BOUGH $100 WORTH OF CHK AT FIRST, THEN CONTINUE TO BUY $100 WORTH OF CHK SHARES EACH TIME. THIS WILL ALLOW YOU TO AVERAGE DOWN YOUR PRICES MORE EFFECTIVELY THAN BUYING THE SAME AMOUNT OF SHARES EACH TIME.
"I've turned $25,000 into $16 million in over a week"
That's a 64000% in a week. It seems a bit too much to be honest, knowing that the best traders of all times have made 30% on annual basis, you have just surpassed all of them in a week! Congratulations
Dem456
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"technical analysis does not effectively work in the stock market"
not sure about that statement, its not 100% but to says its not "effective" is a little misleading, good setup though.
TornAyro
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@Dem456, My brother is good at technical analysis and he is a profitable trader. He says the stock market is fundamentally run and not technically run, so who should I listen to? Are you a successful trader?
Dem456
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@TornAyro, Develop your own strategy, listen to your brother, listen to people on here, listen to youtube tutorials on stock markets, never stop listening.
That's a 64000% in a week. It seems a bit too much to be honest, knowing that the best traders of all times have made 30% on annual basis, you have just surpassed all of them in a week! Congratulations