CRK has printed a higher close but volume is lacking. There's a bit of congestion here between $11.50 and $13 but I'm looking for follow-through action off this BO. This admittedly is not a great long candidate but could be a good choice for 25% positioning. Want to see that $11.60 area hold and no more closes below $11.90.
Bottoms along thick white horizontal line are similar
I expect because of this a similar recovery will result. Recoveries I have indicated with the green and white bars pattern.
The recovery might be on a larger scale than the first due to the larger bottom formation
Monthly Chart
*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
Recap: Our last time entering this thing was at $20 on 6/9/22! We carefully...
With natural gas setting up for a possible parabolic advance (or likely elevated prices), I am looking for great set-ups in nat gas producers.
SWN:
These types of structures have multi-bagger written all over them.
*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*
Today my team entered oil company Comstock $CRK at $20 per share. Take...
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Going short CRK. Overbought on the daily and weekly. Also bearish divergence on RSI. Reversion to the mean on moving averages.
BTO September 18, 18 Put option.
$CRK appears to be gaining momentum along with several others in the Oil and Gas Production.
The bottom chart on the weekly timeframe indicates that a continuation uptrend occurred after the price rose above 10/30 week MA. This uptrend augers well with Stan Weinstein’s Stage 2.
The top chart on the daily timeframe, on the other hand, shows a strengthening price...
CRK
Comstock Resources, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of oil and natural gas primarily in North Louisiana and East Texas, the United States.
The Russian invasion of Ukraine has brought some tensions in international markets.
With Russia being a major source of natural gas , oil, raw...
I'm looking at a potential buy on CRK with the potential for a nice gain. This is just my opinion and idea for a stock, and this is not financial advice. Let me know what you think and let's see what happens with the trade tomorrow.
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NYSE:CRK
As per my analysis on October 19, the stock moved as expected on the support area + Fibo 0.618.
This trade shows the power of the Fibonacci levels ( mainly 0.5 and 0.618 ).
Fibonacci level associated with any other signal like divergence, support, resistance, and so on... give a great trade opportunity
Wow. Crazy run crazy breakout of a large pattern. At the moment it is backtestinf it as support. Def need more confirmation. If we contiue to hold around 8.90$ level this could form something beautiful on previous reistance as new support. Keep a close watch on this
Another ressource stock showing some promise.
Bullish pennant, not confirmed just yet.
It confirmed:
Price target = 12.93$
Stay humble, have fun, make money!
*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...
