$CRK ( Bullish ) accumulation cylinder & bottoming patternlooking more bullish.. right at key long term resistance level along with the 7 year moving average providing more resistance.. can we break free?
CRK trade ideas
Buy CRK 07-18-2024
CRK 100
Buy10.18
Sell10.68
Ask 0.50
This is a good stock pick for daily quick scalps.
Comstock Resources, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of natural gas and oil properties in the United States.
BUY $CRK Scalp
NYSE:CRK
BUY $10.64
SELL $10.82
ASK $0.18
I could hold this longer but I am looking for small moves.
CRK long setupEntry was earlier today, classic bull flag breakout following strong move up in a new trend.
CRK - Resistance breakCRK 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.
CRK - Familiar BottomsBottoms 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
$CRK oil hedge 2.0 👁🗨*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 avoided taking a big hit on this trade by exiting on 6/15/22 at $17.42 per share.
Today my team entered oil company Comstock $CRK again, but this time dirt cheap at $12 per share. Take profit is unknown but the set-up looks extremely bullish!
OUR ENTRY: $12
STOP LOSS: $11
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Major Bottom in These Nat Gas Producers: CRK & SWNWith 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.
$CRK oil hedge 👁🗨*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 profit is unknown but the set-up looks very promising.
Entry: $20
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Shorting CRK via put optionwww.tradingview.com
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.
8/21EMA-10/30MA and Supertrend on MTF with candlestick analysis $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 momentum after the price rose above 8/21 day EMA, a well-respected MA indicator for short-term trading.
Given those bearishness of the overall market, price may retreat again Hence, the importance of a trailing stoploss.
CRK: BULL FLAG BREAKOUT, NAT GAS PLAYCRK
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 materials, metals and other commodities , the Russia-Ukraine crisis could affect the supply of these materials to the world and cause major inflation.
I believe that buying gas companies is a good hedge.
From a technical point of view, it's a bull flag waiting to break out. If it does, look for 11 as first target .
If it does not break out immediately, look for more range bound within the flag.
I'm long CRK and UNG. Swing trades.
Trade safe and don't forget your stop loss!
CRK at 6.50 in a weekmajor level here that we did not gain... i think we are ready for even lower which would be 6.50
The trend is overall bearish and so would be this.
CRK BuyI'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.
#CRK Power of Fibonacci with convergent signalswww.tradingview.com
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
#CRK Return to support area + Fibo 0.618 levelwww.tradingview.com
NYSE:CRK
-Return to support area
-Fibo 0.618 level
-Watchlist pre-market
-sector energy mineral in uptrend.
CRK 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
CRK: Bullish Pennant (50%)Another ressource stock showing some promise.
Bullish pennant, not confirmed just yet.
It confirmed:
Price target = 12.93$
Stay humble, have fun, make money!
CRK longCRK weekly looks good for a long. Very volatile stock so be careful but possible returns can be substantial.
$CRK June Update*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 due to Covid-19 restrictions coming to a close. Loosened restrictions will increase work and consumer travel, meanwhile tensions in the middle east just may be the catalyst of a huge spike in oil prices in the near future.
We entered $CRK on 5/28/21 at $5.65 per share and still intend to take profit somewhere around $8.00
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Comstock Oil Play*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 due to Covid-19 restrictions coming to a close. Loosened restrictions will increase work and consumer travel, meanwhile tensions in the middle east just may be the catalyst of a huge spike in oil prices in the near future.
Respectfully, my team does an excellent job of analyzing charts, researching potential catalyst, and can sometimes time these events. We're not fortune tellers looking through a crystal ball, but we have good reason to believe that the week of 6/1-6/4 will be important in determining the future of oil prices going forward.
Patience is our virtue. Next week my team will give an update and possibly decide on a clearer entry point.
If you want to see more, please like and follow us @SimplyShowMeTheMoney
CRK Bullish Descending Triangle Breakout, getting ready to run!Bullish descending triangle breakout on CRK daily chart. Support looks to now be $5.14. Starting to see a double bottom form (testing support), setting the stage for likely run-up before earnings are released May 5th. Expecting a HUGE surprise to the upside based on Q1 guidance from last call. Per the CFO:
" this week is like hitting the jackpot as some of these incredible prices. I mean, frankly, we were able to sell -- get super-premium prices for a material amount of production anywhere from $15 an Mcf to maybe some even at $179 an Mcf. So those are the spot prices that are out there."
-Roland O. Burns -- President And Chief Financial Officer
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