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Comstock Resources, Inc.

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CRK trade ideas

$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
NYSE:CRKLong
by 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
NYSE:CRKLong
by SimplyShowMeTheMoney
2
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
NYSE:CRKLong
by InvestmentHawk
Long term investment 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 sequence in play, and for those of you familiar with waves can understand the robustness of this type of technical analysis and why it has withstood the test of time and still widely used by many large market makers/financial institutions for price forecasting and portfolio management. Happy Trading
NYSE:CRKLong
by RamirezFX
2
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 :)
NYSE:CRKLong
by TechNerdOmar
Comstock upward trend to continueComstock 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 Investopedia Comstock Resources engages in the acquisition, development, exploration, and production of oil and natural gas properties. The company posted EPS growth of 15.4% on revenue growth of 78.0% for Q1 2020, which ended March 31, 2020. Company CEO M. Jay Allison said that the company's natural gas operations in East Texas and North Louisiana have not been hurt by the COVID-19 pandemic. He said that Comstock will benefit in the future as low oil prices cause a reduction in activity in oil basins, leading to significant declines in natural gas supply in 2020 and 2021. Not a professional please do your own DD, just an idea, don't blame me if you lose your shirt but if you make a 100k on this let me know so I can glory in your success!
NYSE:CRKLong
by Oscarthefuzz
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
NYSE:CRKLong
by ProjectSyndicate
CRK Barrier Triangle "Bullish"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 equivalent of proved reserves. It also owns an interest in 2,800 producing oil and natural gas wells. The company was founded in 1983 and is headquartered in Frisco, Texas. News My Thoughts For You Yes, we have a barrier triangle that is becoming tighter towards the end, which is why I have added the extra 4 labels. I like to mention that sometimes we could see a breakout before this triangle completes the other waves. I call it a failure and here is a snapshot below to explain what that would look like. Furthermore, the target I have is a standard target range measured by using the widest end of the triangle and adding that to the top of the trendline of the triangle upon the breakout. I believe that CRX has bottomed and in accumulation right now. If we see this breakout, I have no doubts that this Price could go through the roof, several hundred dollars is not out of the question given the fact that this company was sitting at $453.00 in June of 2008. Good Luck, Cheers! Be sure to comment, follow, like, and check out my profile for more trade ideas!
NYSE:CRKLong
by keifer
1
$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 ."
NYSE:CRKLong
by OptionsGains
Bullish Oil Futures = Energy Companies #15 (CRK)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 is not visible from the weekly chart) But is signaled with a (Red Circle) *A Price Pattern in progress (Triangle) 2018-04-23 was key here because the price tested a support in 4.60 and this was the day that the Bullish Gap with High Volume happened. And finally the other argument that support this idea is that Oil_Futures are very Bullish
NYSE:CRKLong
by Alex_Quiroga