Nice move in oil sector

I mentioned few days ago The Money Flow Trading System issued a buy signal on oil. Long position in oil was well timed. Because oil has turned bullish so have many of the oil sector stocks. I recently opened a position in CHK.

Stop around $5 long first lot $5.40 full position $5.60.

All indicators are bullish. The moving averages are all properly aligned 5,10,20. Nothing to do now but wait. I might be inclined to sell 1/10 of the position if the indicators become overbought. 10% move in 6 days can’t complain. On fundamental note CHK was recently upgraded with a $10 price target.

chk4417

If you like to help support my work grab a copy of The Money Flow Trading System ebook. Thanks!

https://read.amazon.com/kp/card?asin=B01MV6US0I&preview=inline&linkCode=kpe&ref_=cm_sw_r_kb_dp_k8b5yb2AQY9KA&tag=emailpaysu-20

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