*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*
My team has been covering oil stocks due to the obvious demand for the good due to Covid-19 restrictions coming to a close. Loosened restrictions will increase work and consumer travel, meanwhile tensions in the middle east just may be the catalyst of a huge spike in oil prices in the near future.
Respectfully, my team does an excellent job of analyzing charts, researching potential catalyst, and can sometimes time these events. We're not fortune tellers looking through a crystal ball, but we have good reason to believe that the week of 6/1-6/4 will be important in determining the future of oil prices going forward.
Patience is our virtue. Next week my team will give an update and possibly decide on a clearer entry point.
If you want to see more, please like and follow us @SimplyShowMeTheMoney
*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*
My team has been covering oil stocks due to the obvious demand for the good due to Covid-19 restrictions coming to a close. Loosened restrictions will increase work and consumer travel, meanwhile tensions in the middle east just may be the catalyst of a huge spike in oil prices in the near future.
Respectfully, my team does an excellent job of analyzing charts, researching potential catalyst, and can sometimes time these events. We're not fortune tellers looking through a crystal ball, but we have good reason to believe that the week of 6/1-6/4 will be important in determining the future of oil prices going forward.
Patience is our virtue. Next week my team will give an update and possibly decide on a clearer entry point.
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Comment:
After doing further research we're deciding to temporarily exit this trade. Risk management is a priority. We pride ourselves on making safe calls. My team is waiting for more ignitor signals before re-entering.
ENTRY: @$5.56
EXIT: @$5.63 (1.08%) Profit
ENTRY: @$5.56
EXIT: @$5.63 (1.08%) Profit
Comment:
On May 30th we were prepared to exit this trade in the next trading window. We were lucky though! We noticed the high pre-market activity of CRK on 6/1/21. Due to this ignitor signal we're cancelling our sell, and still remain long.
First target: $7.00
First target: $7.00
My team is entering into a long position today @$5.56 per share.
First take profit @$8.00 per share.