CTRA Potential Buy SetupReasons for bullish bias:
- HH breakout
- Price has bounced from strong support
- Strong bullish divergence
Entry Level(CMP): 26.52
Stop Loss Level: 23.66
Take Profit Level 1: 28.08
Take Profit Level 2: Open
CTRA
CTRA falling wedge breakoutCTRA breakout of the falling wedge is just happening.
If the breakout is real, we may see a pump towards 36,50 $ which would be a final target for this trading formation.
Entering the long position now would be reasonable.
EQT Natural Gas Domestic Player will Top Soon$50-52 in a week or two would be ideal
this is over-cooked and the macro-tailwinds can rapidly become headwind
anti-ESG sentiment is at all time highs
People are now conditioned to believe in a Fossil-Fuel Super Cycle, to protect them against failing Tech investments from 2021
CTRA Bullish Pennant?CTRA . Weekly TF. Pennant pattern. Buy on breakout the pattern. TP1 1345, TP2 1625, SL 790.
CTRA Energy Stock Cup and HandleCTRA is showing a cup and handle on the daily chart now with the handle underway.
The Bull/Bear power indicator is at zero showing some equilibrium.
The RSI / Ichimoku indicator shows relative strength sitting on cloud support.
I see this as a good swing long setup and will take a trade when I see spot oil and natural
gas uptrending.
CTRA WEEKLY SYMETRICAL TRIANGLESymetrical Triangle in CTRA (Weekly Chart) likely will Breakout Top channel
Target Price around strong resisten 1340
Stop Loss Area 940-945
Risk Reward Ratio from current Price 1:4 (TP 30% , SL 7%)
Disclaimer ON
Coterra Energy (NYSE: $CTRA) Aiming For New All-Time Highs! 🎯Coterra Energy Inc., an independent oil and gas company, engages in the development, exploration and production of oil, natural gas, and natural gas liquids in the United States. It primarily focuses on the Marcellus Shale with approximately 177,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania. The company also holds Permian Basin properties with approximately 306,000 net acres; and Anadarko Basin properties located in Oklahoma with approximately 182,000 net acres. In addition, it operates natural gas and saltwater disposal gathering systems in Texas. The company sells its natural gas to industrial customers, local distribution companies, oil and gas marketers, major energy companies, pipeline companies, and power generation facilities. As of December 31, 2021, it had proved reserves of approximately 2,892,582 thousand barrels of oil equivalent, which include 189,429 thousand barrels of oil and other liquid hydrocarbons, 14,895 billion cubic feet of natural gas, and 220,615 thousand barrels of natural gas liquids. The company was incorporated in 1989 and is headquartered in Houston, Texas.
Weekly Chart Breakout $CTRAThere is a clean breakout on weekly chart of CTRA. Price might go above ATH if it breaks above the blue box.
CTRA 0.786 Recovery PointLooking for a recovery at 0.786.
This point has been a point of both resistance and support
More recently support
This will likely continue with the double bottom formation
Natural Gas - surges +12% to YTD highsNatural Gas surges +12% - lifting producers' shares to YTD highs
Range Resources $RRC & other natural gas producers ripped to 52-week highs today as U.S. front-month natural gas soared to its largest one-day gain since Sept a year ago - closing at +12% to $5.898/MMBtu
Today's settlement is the 2nd highest this year after the front-month contract hit $6.312 on 10/05/21
52-week highs today - $CHK +9.1%, $RRC +6.3%, $AR +5.7%
Scoring big gains - $CRK +9%, $SWN +7.4%, $CTRA +5.9%, $EQT +5.2%
#LongLNG
CTRA Trading PlanPros:
Volume gede, catalyst bagus dengan Statement Presiden
Channel Trend masih menyisakan jarak dengan derajat bagus.
Cons:
Sudah lewat batas channel conservative,
Menghadapi resisten lama di 2019
Entry di 1050 TP di 1440 dan SL di 995
time frame 1-2 bulan jan - feb 2021
CTRA SUPPORT REACHEDSetelah mengalami koreksi beberapa perdagangan terakhir, IDX:CTRA berhasil bertahan diatas support psikologis 600, pullback CTRA masih akan berlanjut dengan upside target 735 #disclaimer-on
