CTRA - finally we see some light.CTRA - Going higher?
I'm expecting a pullback to the trend line then with luck we see a bounce off the trend.
I'm just publishing this for my own history purposes. not supposed to have any valid direction or advice.
again not trading advice or ideas. just my 2 cents and to keep tabs on it for myself.
CTRA trade ideas
$CTRA: Lower Low Hidden Bearish Divergence Monthly ContinuationWe have Hidden MACD Bearish Divergence on the Monthly and if proceeded by follow-through price action we can be in the midst of breaking through the confirmation line of a 3 Rising Peaks. Upon Breaking through i suspect it will give us an ABCD BAMM movement all the way down to a minimum 88.6% retracement but at a maximum it could go slightly lower than that.
Cabot Oil & Gas ( COG) - [W1] - Holding LONGCabot Oil & Gas ( COG) - Long this hydrocarbon producer starting Spring 2021 on anticipated inflationary pressures driving hydrocarbon energy such as oil and natural gas higher, along with legacy hydrocarbon ("fossil fuel") exploration & production companies higher. Now riding the global energy "crisis"" wave much higher yet still. Ultimate price target on the underlying oil and natural gas as well as the shares of oil and natural gas production companies remains as of yet unknown given emergent global energy situation continuing to unfold!
See description (below) for further details...
COG / short straddle / expiring August 20expiration: AUG 20 (49 DTE)
order:
-1 * 18 put (delta -0.50)
-1 * 18 call (delta 0.50)
for 2.01 net credit
@ 17.84
BPR $360
IVR 50.3
PoP 55%
P50 47%
expected move 16.00-20.00
net delta -1.55
target: 40% max profit
notes: earnings report on July 29; breakevens are marked with yellow in the chart
COG looks like oversold and has potential to retrace up to 10 %Summary
The company has strong fundamentals compare to its peers in the same industry. With a lower mix of growth, profitability, debt and visibility criteria.
For a short-term investment strategy, the company has poor fundamentals.
Strengths
The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at USD 16.28 USD in weekly data.
Graphically speaking, the timing seems perfect for purchasing the stock close to the USD 15.92 support.
The group's activity appears highly profitable thanks to its outperforming net margins.
The group usually releases upbeat results with huge surprise rates.
The company's attractive earnings multiples are brought to light by a P/E ratio at 11.25 for the current year.
The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
Weaknesses
The sales outlook for the group was lowered in the last twelve months. This change in forecast points out a decline in activity as well as pessimistic analyses of the company.
For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.
Analysts covering the stock have recently lowered their earnings forecast.
For the last few months, analysts have been revising downwards their earnings forecast.
Financials (USD)
Sales 2021 1 968 M
Net income 2021 577 M
Net Debt 2021 757 M
P/E ratio 2021 11,3x
Yield 2021 3,12%
Sales 2022 2 025 M
Net income 2022 556 M
Net Debt 2022 560 M
P/E ratio 2022 11,3x
Yield 2022 3,32%
Capitalization 6 542 M
EV / Sales 2021 3,71x
EV / Sales 2022 3,51x
Nbr of Employees 503
Free-Float 81,3%
CABOT OIL & GAS CORP View DailyHey my friends, CABOT OIL & GAS CORP is in a fake bearish push with a strong sell volume traded and a large upside down hammer candle. On the TIMEFRAME M1 we see a water-carrying candle with a high negotiated sales volume. She came to rebound on the bollinger's plus make her trend reversal to re-test bollinger levels. Then go and test the VWAP and come to the top of the consolidation zone to test it again. Great possibility of breaking out the price with the return of the momentum on the zone to join the one above and arrive at the next high.
With adjustment (on TIMEFRAME H4) for (TIMEFRAME D1) then in the same case (on TIMEFRAME H1) for (TIMEFRAME H4) before breakout of a consolidation zone. Not enough buying push at this time to test the intermediate median of ANDREWS PITCHFORK.
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Explaining my Chart, COG BearishOne of the members asked me for an explanation of my chart, so here it goes -this is what I mean by those levels on chart setups.
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* My set-up has a bias that is called Interest... okay, - because it takes awareness of an opposite momentum, which both are held by a DSL line. The green level is a desired take profit level. Now, let's say price then breaks above a DSL line in a case of a bearish set-up, then the set-up will be no longer valid, because the base value to DSL would have been taken out by the bulls.
The line before a DSL line marks resistance in relation to the DSL line, -this causing a supply zone. The two lines help to estimate where to place an SL upon confirmation. My setups are intended to be approached by 'Confirmation Alerts', so they will need to be checked on indicators with your own added analysis. I'd encourage you to check on Supply and Demand studies, Support and Resistance, Advanced Trend-Lines and Zones, -also check on Wolfe Wave.
Take care.