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.
On the daily TF, I drew a bullish trendline, if price fails to break higher but breaks this trend line, it will most likely drop to $10.08
phowops
⋅
Great one! You brought my attention to CRK stock. Personally, I think price is at a major zone which appears to be a neckline of the weekly double top. Hence why the buy is struggling.