CHK, Chesapeake Energy Corp.

chk june 28 2015chk jun 28 2015 s

We did once suggest buying this stock (see previous blog, the stock split 1057 to 1000 since!). It almost doubled but we forgot about it.  Here, once again, this stock looks like it may well be a buy at around $9.80 or so. By then it will have lost 86% of it’s peak value and have completed a double zig-zag correction. Use a stop about one dollar lower, just in case.