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CHK Chesapeake Energy Short; BEAR FLAG
Chesapeake Energy is a extremely weak fundamentally with a high PEG ratio. It is setting up with a Bear Flag that does not rise above the 50% fibonacci retracement level. A breakdown below $18.20 would trigger a short position.
Owner of Grok Trade; trader of 17 yrs.
Owner of Grok Trade; trader of 17 yrs.
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