Write sometning about your psyhology thinking before trade? i am ok Describe the trade. What you see? price will go up after the supstantinal drop What have I done well for this trade? you recognize the support line perfectly and enter point was according to support resistance theory What can I take away to help with later trades? that the stop loss was...
CRC reversal confirmed on august 24, 2018. Continuation of primary long trend. Optimal entry point would of been around 32.50. Currently over extended expecting a 1/3-2/3 retracement. Based on previous trends I expect this to retrace to 50% around 36.00. At which point long term primary trend will continue with an average target of 45.00 which is approximately...
Head and shoulder pattern for short swing.
Stock in an uptrend, good r/r, stop below the sma50.
CRC seems to be about to breakout from the current pitchfan channel to attack the 0.5 fib retracement level ~50$.
I believe CRC has topped for the next 1-2 months.
I blogged about a long position in $CRC from much lower and own it in a long term account. As it bull flags here, I believe pullbacks should be bought. First price target, $18 in the near term then look for a move to $22.
CRC has several of those price structure features you want to see to buy and hold for some time: a confirmed double bottom after a long period of price correction, a pullback on the first horizontal support followed by a powerful candle, high volume. I guess the evolution of this stock will depend on how oil will fair in the midterm. Nevertheless long strategies...
This has been oversold on a news that hedge fund dumped this stock. A signal that's more than likely a rebound going forward.
Handle risk with caution, weekly timeframe is definetly not what i like so it can turn out to be a loser, but those sometimes turn out to be huge if momentum proceeds so a smaller risk can still do well. new trend potential if support holds above trading range.
It's not hard not make money with CRC, even without a roundlot. In this case, price is ABOVE the .25 of the previous trend, suggesting an end to the downward wave. A pullback to the .618 would be preferable, particuarly given short interest, but with price above the 50/100/200 MAs I would buy around the 100 MA (11.92). If it sinks lower, just cover using fib...
Buying CRC around 10.9- 11.3 has been a safe bet as of late (if you can afford the round lots, which I sure can't!). But this chart shows why the stock could go under 10.6 in the near future... (assuming wave iii= longest)
There's always this monster stock. Trade the breakout.