At last check, Chesapeake Energy (CHK: sentiment, chart, options) was not having a very good Black Friday. The energy firm has dropped more than 16.5% after announcing that it may issue close to $2 billion in common shares in order to raise operating cash, along with funding drilling leases that the firm is trying to renegotiate. This would be the latest move by CHK to solidify finances, as it feels the pinch of debt, falling gas prices, and a tight credit market. This move is similar to ones made by other oil companies including, Hess, Anadarko Petroleum, and ConocoPhillips.

CHK's daily loss has the stock relying on the 15 region as potential support, and allows its 10-week moving average to continue acting as resistance. The last time CHK mustered up the strength to top this trendline was the middle of July. Since then, the trendline has helped further the oil firm's 52-week drop of 61%.