pipstrading
Long

Long CRC if it breaks current resistance, forming Bearish BAT

NYSE:CRC   CALIFORNIA RESOURCES CORP
23 0 0
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 how it performs next week.
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