Nov. 15 at 12:42 AM
$CRK: The current market context shows a last close of
$25.3, with an RSI of 93.11 indicating overbought conditions, suggesting a potential pullback. The 30-day moving average (MA30) is at 20.11, and the 50-day moving average (MA50) is at 19.3, both significantly lower than the current price, reinforcing the idea of overextension. The recent 60-day high is
$25.96, just above the current price, while the low is
$15.01, indicating a strong range.
Directional bias is bearish in the short term due to the high RSI and proximity to the recent high. Suggested entry for a short position could be around
$25.3, with a stop loss set at
$26.5 to manage risk. Target 1 could be set at
$23.5, aligning with a potential support level, and Target 2 at
$21.5, near the MA30.
Monitor closely for any reversal signals.
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