Update: That was fast-- I'm exiting for a loss (150-ish) if it breaks 2293
Falling wedge pattern, has regained the 5 day moving average, and is at a longer term support level (near) 21.
On the shorter term, it looks to be breaking out of its range.
1. Get long at these prices
2. Set a stop for 22.92 (yesterday's afternoon pivot low)
3. Reduce position at 24.50, move stop to break even.
I feel that this would be a reasonable time to buy some calls-- I am willing to accept time decay for the possibility of a larger move.
For this trade, I'm looking at +8 CHK Jan 10 Calls at 1.59