CHK Forecast 9/1/2015

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CHK Forecast 9/1/2015

Today we initiate our coverage in Chesapeake Energy Corporation (NYSE:CHK) is a stock that has been beaten up, along with the rest of the energy sector. The stock is showing signs of a sustainable bottom, and our forecast is for price to make one last test wave back down before reversing. This would create an inverse head and shoulders pattern, which would attract buyers.

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