CRK - Familiar BottomsBottoms along thick white horizontal line are similar
I expect because of this a similar recovery will result. Recoveries I have indicated with the green and white bars pattern.
The recovery might be on a larger scale than the first due to the larger bottom formation
Monthly Chart
CRK
CRK: BULL FLAG BREAKOUT, NAT GAS PLAYCRK
Comstock Resources, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of oil and natural gas primarily in North Louisiana and East Texas, the United States.
The Russian invasion of Ukraine has brought some tensions in international markets.
With Russia being a major source of natural gas , oil, raw materials, metals and other commodities , the Russia-Ukraine crisis could affect the supply of these materials to the world and cause major inflation.
I believe that buying gas companies is a good hedge.
From a technical point of view, it's a bull flag waiting to break out. If it does, look for 11 as first target .
If it does not break out immediately, look for more range bound within the flag.
I'm long CRK and UNG. Swing trades.
Trade safe and don't forget your stop loss!
Natural Gas - surges +12% to YTD highsNatural Gas surges +12% - lifting producers' shares to YTD highs
Range Resources $RRC & other natural gas producers ripped to 52-week highs today as U.S. front-month natural gas soared to its largest one-day gain since Sept a year ago - closing at +12% to $5.898/MMBtu
Today's settlement is the 2nd highest this year after the front-month contract hit $6.312 on 10/05/21
52-week highs today - $CHK +9.1%, $RRC +6.3%, $AR +5.7%
Scoring big gains - $CRK +9%, $SWN +7.4%, $CTRA +5.9%, $EQT +5.2%
#LongLNG
$CRK June Update*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 due to Covid-19 restrictions coming to a close. Loosened restrictions will increase work and consumer travel, meanwhile tensions in the middle east just may be the catalyst of a huge spike in oil prices in the near future.
We entered $CRK on 5/28/21 at $5.65 per share and still intend to take profit somewhere around $8.00
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Comstock Oil Play*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 due to Covid-19 restrictions coming to a close. Loosened restrictions will increase work and consumer travel, meanwhile tensions in the middle east just may be the catalyst of a huge spike in oil prices in the near future.
Respectfully, my team does an excellent job of analyzing charts, researching potential catalyst, and can sometimes time these events. We're not fortune tellers looking through a crystal ball, but we have good reason to believe that the week of 6/1-6/4 will be important in determining the future of oil prices going forward.
Patience is our virtue. Next week my team will give an update and possibly decide on a clearer entry point.
If you want to see more, please like and follow us @SimplyShowMeTheMoney
CRK Bullish Descending Triangle Breakout, getting ready to run!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 these incredible prices. I mean, frankly, we were able to sell -- get super-premium prices for a material amount of production anywhere from $15 an Mcf to maybe some even at $179 an Mcf. So those are the spot prices that are out there."
-Roland O. Burns -- President And Chief Financial Officer
Source
New momentum for CRK. Potential 48% gain in 43 days.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.
However, there is a major resistance line just above (descending black trend line in the chart). This line has contributed to six major reversals since June 2015. So it has quite some history. There is a high probability that this line stops the new bullish momentum. So we move our stop loss higher just in case it does. Stop loss will start from below the swing low. So that's at $4.17. We will be moving it up as we go along, to the bottom of every complete clean green candle that prints on the daily.
If price passes this major resistance, we look forward to the next target at $7 and the one after that at $8.60. But all in good time :)
CRK : does the increasing volume tell us something ? 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. )
CCMP: BUY PULLBACK 50%+ gains // SWING trade (STOCKS)Why get subbed to to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
CCMP: BUY PULLBACK 50%+ gains // SWING trade (STOCKS)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: CCMP daily chart overview
::: strong bullish chart
::: strong base so more gains soon
::: 166/168 USD strong resistance
::: expecting pullback into range lows
::: near 130 USD next few weeks
::: great reload spot BULLS
::: 130 USD is key mirror S/R level
::: next SWING is going to be 50%+ gains
::: well defined range so buy lows now
::: STRATEGY: BUY PULLBACK near 130 USD
::: BUY/HOLD swing trade setup / patient traders
::: 50%+ gains on BUY SIDE 4-16 weeks max
::: TO BULLS is 200+ USD / share
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment: BULLS
::: Sentiment outlook short-term: BEARS
CRK 4d: Strong chart 40%+ gains // SWING trade (STOCKS)Why get subbed to to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
CRK 4d: Strong chart 40%+ gains // SWING trade (STOCKS)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: CRK 4days/candle chart overview
::: strong bullish chart
::: strong base so more gains soon
::: 4.30 strong confirmed support level
::: expecting more gains mid-term
::: BUY/HOLD setup for patient traders
::: TP1 +40% gains TP2 +70% gains
::: 10 USD is final TP bulls
::: next SWING is going to be 40%+ gains
::: well defined range so buy lows now
::: STRATEGY: BUY AT MARKET / HOLD IT
::: BUY/HOLD swing trade setup / patient traders
::: 40%+ gains on BUY SIDE 4-10 weeks max
::: TP BULLS is 10 USD/share
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment: BULLS
::: Sentiment outlook short-term: BULLS
$CRK Is A Bet On Cowboys' Owner Jerry JonesThe 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 volume after controlling shareholder Jerry Jones offered upbeat comments on CNBC about the company's acquisition of Covey Park.
"Comstock has one of the best positions of leases relative to the cheapest place... in the world to get gas to the market," Jones told CNBC this morning, adding that as a contrarian, he believes now is time to buy into natural gas.
CRK "has done a great job with Covery Park in acquiring a lot of leases" which are "in the pathway to the great markets of the Gulf ."
CRK- 35% Profit in 3 days!!! (Position open) - 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, exceeding our first target & gave us a chance to lock more than 35% profit.
Trade Details -
CRK- Long
Trade Logic: Momentum Long & adjustment of long down fall
Entry price: 0.76
Target Price: 0.88, second target 1.17
Stop-Loss: 0.69
You can check our detailed analysis on CRK in the trading room link here-
Trade Suggestion Date: 6/3/2016
Trading Room - Executive summery link: www.youtube.com
Time Span: 3:50”
Trade Open: 0.76
Trade Close: Half closed at 0.88 (14% profit) rest Open
Profit/Loss: 22% (running)