These CHKs don’t bounce – and that isn’t a good thing

During my chart review on Saturday, I noticed that the Daily charts for both CHK (Chesapeake Energy) and CHKP (Check Point Software Technologies) both look vulnerable here for more downside. The charts:

I would not be looking for these CHKs to bounce – look for further weakness if no current position.

4 thoughts on “These CHKs don’t bounce – and that isn’t a good thing

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