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Almost perfect signals for enter/exit point for this case:

 

1. The first red bar on Dec 1 suggests exit before a correction.

2. On Dec 9, the Short Term bullish bar appears (very tiny) indicates/signals a short term bounce is in place after a consecutive of all LT/MT/ST downtrends since Dec 1.  Then the next day all Short/Mid/Long term trend signals up (green) which confirms the bounce/rally.  Two days later on Dec 14, the stock breaks out.

 

What we have learned:

1. All ST/MT/LT going in one direction would almost guaranteed the direction of the stock.

2. After a consecutive of all LT/MT/ST downtrends, a Short Term uptrend is a sign of a possible bounce/rally, also need to watch the closing price action.  A slightly close up than the day before also adds to the rally consideration.

3. A flat price close 2-3 days signals a bottom, also adds to the rally/bounce consideration.

4. Broad Market Trend is up, this also adds to the rally considerations.

 

 

 

 

Chesapeake energy trend snapshot.