This pick is for a long term investing because the triangle need for a breakout to be confirmed (Price Action Above 10.40 or more)
I shared this idea because here, there are a lot of things that Technical Analysts take in to account for selecting a stock.
*High Volume or high spike volume
*Bullish Gap the same day that the high spike volume 2018-04-23
- Here’s another Quick Trade from Our Trading Room Executive summaries -
3rd Jun in Executive summaries we discussed about CRK & we bought CRK at 0.76. It has huge potential & can be a Long-term fundamental hold as this company is coming down from $30. Also MA lines are supporting for Momentum Long. With our surprise in next 2 days the Stock moved to 1.03,...
Nice little set up for a rebound
1. Buyers are entering the market when the price has not yet touched channel bottom
2. The buying followed through for the next 2 days
3.The buying begun where we would expect it to do so, at an area of strong Fibonacci confluence, which is an area we are inclined to feel is a support area.
4. The very recent trading...
Comstock Resources Inc (CRK) is a oil and natural gas exploration and production company with most of its operations in Texas and Louisiana. The company’s stock is currently trading around $20.00 in a 52 week range of $13.12-$20.12. The stock has performed very well in the past year with shares gaining over 45% in the past 12 months. Options action in CRK during...