Coiled Bull Flag Forms for Small Cap LNG Name Near Highs
Comstock Resources (CRK) shares of the small cap LNG name are coiling in a tight bull flag and hitting the Ready to run scan this week as the MACD triggers a bullish cross and the stock closed at the highs of day Tuesday just baove monthly value of 19.15. A path likely now to tag the overhead VPOC at 21 while a bigger breakout move can see targets up at 24 with a lot of open space on the weekly chart up to 30 longer term. CRK still has a massive bull in open interest with 14,000 June $25 calls that bought in late November and up +75% still holding.