$CRC - almost 75% Institutional ownership in this O&G name to its float. coincidentally, the current 7 months base pattern is met with positive Up/Down Volume ratio at 1.3 reflecting, high possibility of fund accumulation during the phase.
clean pivot at $47 for BO
I like these clean supply line pivots. $CRC if u r still looking for an oil name.
ya ya many broke out already but they are not pulling away and choppy with hardly any progress. So a name that is setting up nicely that is in the base is still just as good. RS 97, so not a turtle
Top shareholders of CRC have recently reduced there holdings.
1. GoldenTree Asset Management who owns 15,579,032 shares levelled holdings by a large 20.415% decrease
2. Ares Management who holds 14,788,286 shares have recently reduce there holdings by 14.64%
What could this mean?
--> Well to put it simply it may just be profit taking as Ares bought more shares...
I see this current pattern completing an inverted curve until it reaches its support line of 1.28, after which time we can expect to see a much anticipated uptrend. Earnings call has been delayed until June due to Covid. Hope in at 1.28 and ride!
NYSE:CRC
Well, guys, even though Buffett thinks it's immoral to short, there's a good shorts on CRC.
There's likely to be a gap down at the opening.
However, if there is a point of entry, you can have time to take part in the funeral of this once large company.
Take care!
Buy with all hands. ER coming and huge debt restructure happened today. Good volume. This is $30 stock but being resonable and targeting 11-12 near term
This large-cap stock has been trending sideways for a while now and is showing some bullish coiling. It will be oversold when it arrives at the buy zone, with both stochastics below 30%. Big picture opportunity is to BUY (passive), but a potential short-sell trade
(actively managed) can be made on its way down to the buy zone.
Best.
Failed and a rejection of the weekly supply zone are setting up for the fourth leg of a cypher pattern the "C" position. The "C" area looks to set us up for a nice buy in 2 potential zones a. A strong daily swing point the turn into a nice demand zone from A-B around the 16.51-17.42 area. Or b. a full retracement to A between 13.54-14.86 area. May see some...
California resources are a oil and gas exploration company which reports earnings on the 2nd may. Expectation are are very low as can be seen from the recent price action.With the sudden drop in oil last week the price fell out from a ascending channel which is a significant sell signal. Options traders on the other hand seem more optimistic with a trading range...
Definitely reacts to the news, good or bad but, definitely reactive! So we have 2 harmonic set ups, a bat and a butterfly both bullish. The move off of the first set up, the bat, was 562 points into the butterfly. The butterfly looks as if we'll move into a nice bullish channel into and the price levels to look out for 20.04 as a level to consider as support...
