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
Update for one of the better set ups in energy, $CTRA. Let’s see if a random catalyst comes our way
With the past 7 earnings beating and at a great support, I'm bullish on CTRA up to $30ish
More confirmation is needed before buying the stock Try to avoid the new break out stock with rejection
Stoploss 23.48 Entry 25.50-25.85 area. Targeting 36.50. Breakout if fallingnwedge. Could take months to reach 36 not a 1 Week play As long as above 24 this is valid Great entry points in the Zone here. This is geared up for huge move but yiur getting in before momentum pics up. Good luck!!
══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the...
This is my analysis for CTRA, in this image you'll see my Key levels and Targets.
Assessing the market according to the wyckoff method, we see a classic accumulation in the attached chart. 1.2.3 - Shortening of Thrust - smaller and smaller distances between particular lows on the chart. A sign that sellers are losing power. 833.263.173 - decreasing volume on lows. The numbers in the chart are the sum of the number of shares sold on swings...
For those who would like to find opportunity in the recent setback in energy stocks, take a look at CTRA here. We likek it for a move into the high-20's.
Coterra Energy Inc. is a diversified energy company, which engages in the exploration, development, and production of oil and natural gas properties. Its portfolio includes projects in the Permian Basin, the Marcellus Shale, and the Anadarko Basin. In this idea, there is a deep-crab in the right shoulder of the pattern that centers around the potential reversal...
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.
CTRA is sitting at an important cycle low $25.20. We need to break above to confirm start of an uptrend. Also crude and natural gas are exhibiting a bottoming phase and that aligns with CTRA cycles. Disclaimer: My opinion on stocks are mine alone and not to be taken as Investment advice.
Two closing conditions on the wedge.Note the wedge resistance on the weekly timeframe.
I recently wrote a note on NatGas (ng) in response to a Barron's article that highlighted analyst calls for $3 ng in 2023 (from current $6-ish) levels. In sum, I took the view that supply/demand fundamentals lean the other way, and while current supplies of NG are ample largely due to impediments to exporting due to the explosion at an LNG export facility...
Following a long-term 3 wave correction Coterra appears to be etching out a wave 3 impulse. From the August 2021 low CTRA sports an impulsive move that counts nicely as waves 1, 2, 3, and triangle 4 near possible completion. Taking a long position with common shares at current prices with a stop at 25.30 creates a near 7:1 reward to risk. If the stock trades...
The PEAD projected a Bearish outlook for $CTRA after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 33.33%.
We have exceeded yesterday's high. This makes me expect another attempt to rise again.
Alhamdulillah , The deal was closed on CTRA in US stock market with a profit of 8.2 % in a 1 week . I wish good luck to everybody.