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.
The weekly 100 SMA is at 13.33. I would love a pull back into that (and specifically a close above that this week)
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...
Fast moving stock, for sure.
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.
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.