Reasons 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 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.
$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 . Weekly TF. Pennant pattern. Buy on breakout the pattern. TP1 1345, TP2 1625, SL 790.
CTRA 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.
Symetrical 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 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...
There is a clean breakout on weekly chart of CTRA. Price might go above ATH if it breaks above the blue box.
Looking 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% - 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...
Pros: 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
Setelah mengalami koreksi beberapa perdagangan terakhir, IDX:CTRA berhasil bertahan diatas support psikologis 600, pullback CTRA masih akan berlanjut dengan upside target 735 #disclaimer-on