fundamental analysis and ta both suggest upward momentum
This is a fast mover and hourly charts are pointing to an early move out of the bullish base wedge on rising momentum and volume balance.
This is a fast mover and hourly charts are pointing to an early move out of the bullish base wedge on rising momentum and volume balance.
Seeing good volume on this push off the support lows for this fast moving energy company. Watch for a break over today's highs on volume.
With futures looking south, CRC could fall to 12 range
I don't have trust in any energy stocks these days... CRC is no exception. Most indicators are showing it in the next few weeks tanking with or without the rest of the SPY. I'm assuming the price will drop and recover from the support at 1.76 and bounce back. Hopefully it will pass the mid-median parallel of the pitchfork and continue to the .786 or .618...
Such a great example for ratio confluence area! Point Q, is at the confluence of 1.618 AB extension, 1.272 CD extension, 1.618 DE reverse extension! Stock price has rallied more than 7 times from the bottom in 2 months. Current price of $2.30 area is a resistance that it needs to cross. If it does, there is another 100% upside potential. Looking forward to see...
Strong signs of upward mobility, strong indicators of bear territory. Andrews Pitchfork Downward over the long term. RSI, CCI, Stochastic are showing reversal from bull to bear. Schiffs Pitchfork touch on the median, showing clear reversal over the next day or so. Touch on the 2.09-2.20 resistance region. Upper resistance at 0.618 pitchfan level. Upwards...