SimplyShowMeTheMoney

$CRK oil hedge 2.0 πŸ‘β€πŸ—¨

Long
NYSE:CRK   Comstock Resources, Inc.
*This is not financial advice, so trade at your own risks*

*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*

*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management

Recap: Our last time entering this thing was at $20 on 6/9/22! We carefully avoided taking a big hit on this trade by exiting on 6/15/22 at $17.42 per share.

Today my team entered oil company Comstock $CRK again, but this time dirt cheap at $12 per share. Take profit is unknown but the set-up looks extremely bullish!

OUR ENTRY: $12
STOP LOSS: $11


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Comment:
Purchased more shares at $12.50
Comment:
Oil is in a really good buy zone right now. Crude is trading at $96 a barrel and could head to $93 before reversing. It has been under pressure due to recession fears, omicron concerns, and dollar pressure. Gas prices around the country have dipped, but my team believes that this will be short-lived. We may get a larger oil spike to $130-$140 soon.
Comment:
3rd Entry at $11.80. View details in the comments down below.
Trade closed manually:
Pulled out at $12.34!
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