*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...
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...
And here we have COMSTOCK with another beautiful long term positioning from what it looks like playing out with the winter storm that struck the southern coast Jerry Jones cashed out big due to the rise in demand due to the outages and has been selling at premium prices. We will most definitely be seeing well over $100 a share in the near future. Beautiful wave...
NYSE:CRK is showing signs of a new momentum upwards. On the weekly, we see higher and higher lows of RSI since May 2019. On the daily, we see a green 2 above a green 1 on the TI Sequential indicator. Six major reversals since June 2015. Judging from the timing of previous swings, I suspect this swing will take 43 days and reach a high of $7. That's 48% gain....
I really don't know. I found the chart interesting to focus on. There is not a clear buy or sell signal I guess, but there are some patterns forming. I will be watching for 2-3 weeks, in parallel to NG prices. ( my personal view, not a trading advise. )
This won't be staying in this compression for long.
Comstock has show strong share push since March and seems set to continue at least in the short term despite the low price of oil, watch for a little more retracement, if upward momentum is confirmed early next week then it should go another 10% before any significant dip. One of the few oil stocks which did not post disastrous results because of Covid. From...
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Hello, What is CRK? Comstock Resources, Inc., an independent energy company, engage in the acquisition, exploration for, development, and production of oil and natural gas properties, primarily in Texas, Louisiana, and North Dakota. As of December 31, 2019, the company had 5.3 trillion cubic feet of natural gas equivalent and 16.7 million barrels of oil...
The oil patch is full of boom and bust opportunities. One pick that we like is $CRK. With $CRK, you're betting that nat gas prices have finally bottomed and that Dallas Cowboys owner Jerry Jones has found a hidden diamond in the rough. Yesterday's headlines: Comstock Resources (CRK +19.5%) spikes to its highest levels in six months on much heavier than usual...
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 (The gap...
Wait for the break over +7.42
The current pattern of CRK sets up for a good long opportunity at around 4.50 in my opinion. Watch this area closely. Oversold.