Dec. 17 at 3:28 AM
$CRK Actionable Trade Alert:
Market Context:
$CRK is currently trading at
$21.28, with a Relative Strength Index (RSI) of 33.39 indicating it is oversold. This suggests potential for a bullish reversal. The stock is below both the 30-day moving average (MA30) of
$24.13 and the 50-day moving average (MA50) of
$21.95, signaling bearish sentiment but also creating a buying opportunity as it approaches the lower end of its 60-day range (
$16.78 -
$28.1).
Directional Bias: Given the oversold RSI and proximity to recent lows, we anticipate a bullish reversal.
Trade Plan:
- Suggested Entry:
$21.30
- Stop Loss:
$19.50 (approximately 8.5% below entry)
- Take Profit Targets:
1.
$23.00 (Target 1: 8% ROI)
2.
$24.50 (Target 2: 15.3% ROI)
3.
$25.00 (Target 3: 17.5% ROI)
This plan positions us for a potential recovery while managing risk effectively.
https://privateprofiteers.com
