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.
Comment:
Not getting any indications this is ready to go but will keep on the sidelines for now. The 7/13 candle is disappointing but shows sellers are still quite engaged here. No reason to rush in at the moment.