New momentum for CRK. Potential 48% gain in 43 days.

5. Jan. 2021

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 :)