CRC trade ideas
Bull Flag In $CRC With Room To Run On The UpsideI blogged about a long position in $CRC from much lower and own it in a long term account. As it bull flags here, I believe pullbacks should be bought. First price target, $18 in the near term then look for a move to $22.
CRC set to meve higher on the midtermCRC has several of those price structure features you want to see to buy and hold for some time: a confirmed double bottom after a long period of price correction, a pullback on the first horizontal support followed by a powerful candle, high volume. I guess the evolution of this stock will depend on how oil will fair in the midterm. Nevertheless long strategies can be designed for next week on.
Great Buy Opportunity for CRC!This has been oversold on a news that hedge fund dumped this stock. A signal that's more than likely a rebound going forward.
CRC don't risk a lot on this one, see commentsHandle risk with caution, weekly timeframe is definetly not what i like so it can turn out to be a loser, but those sometimes turn out to be huge if momentum proceeds so a smaller risk can still do well.
new trend potential if support holds above trading range.
CRC: Buying opportunity after a pullbackIt's not hard not make money with CRC, even without a roundlot. In this case, price is ABOVE the .25 of the previous trend, suggesting an end to the downward wave. A pullback to the .618 would be preferable, particuarly given short interest, but with price above the 50/100/200 MAs I would buy around the 100 MA (11.92). If it sinks lower, just cover using fib numbers until the trend reverses.
Why elliot wave could spell trouble for CRC Buying CRC around 10.9- 11.3 has been a safe bet as of late (if you can afford the round lots, which I sure can't!). But this chart shows why the stock could go under 10.6 in the near future... (assuming wave iii= longest)
$CRC Breaking OutThis is a fast mover and hourly charts are pointing to an early move out of the bullish base wedge on rising momentum and volume balance.
$CRC Breaking OutThis is a fast mover and hourly charts are pointing to an early move out of the bullish base wedge on rising momentum and volume balance.
$CRC bullish volume accumulationSeeing good volume on this push off the support lows for this fast moving energy company. Watch for a break over today's highs on volume.
CRC mini bull within a bearI don't have trust in any energy stocks these days...
CRC is no exception. Most indicators are showing it in the next few weeks tanking with or without the rest of the SPY.
I'm assuming the price will drop and recover from the support at 1.76 and bounce back. Hopefully it will pass the mid-median parallel of the pitchfork and continue to the .786 or .618 resistance levels.
Long CRC if it breaks current resistance, forming Bearish BATSuch a great example for ratio confluence area!
Point Q, is at the confluence of 1.618 AB extension, 1.272 CD extension, 1.618 DE reverse extension!
Stock price has rallied more than 7 times from the bottom in 2 months. Current price of $2.30 area is a resistance that it needs to cross. If it does, there is another 100% upside potential.
Looking forward to see how it performs next week.
Bull/Bear CRC(Oil) DependsStrong signs of upward mobility, strong indicators of bear territory.
Andrews Pitchfork Downward over the long term.
RSI, CCI, Stochastic are showing reversal from bull to bear.
Schiffs Pitchfork touch on the median, showing clear reversal over the next day or so.
Touch on the 2.09-2.20 resistance region.
Upper resistance at 0.618 pitchfan level.
Upwards Schiff's pitchfork.
Fin Spiral is much further off to show reversal (if it's any confidence, i'm doubtful)
Lower support at 1.81-1.75 region.
Lower inclined support from 0.5 on the pitchfan.
$CRCit going to hit 3-4$ easy. has major volume and has the title to be a 8 or 9$ stock. i think buying at $2 a stock is a steal hold on to for a week or maybe till april ull see big results here!
