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yamgordon
Aug 8, 2023 3:33 AM

Fake breakout (CTRA) 

Coterra Energy Inc.NYSE

Description

More confirmation is needed before buying the stock
Try to avoid the new break out stock with rejection
Comments
Stevesvt
A lot of people are bullish in 2024 on CTRA. I think one big bank, perhaps Citi, just said it’s their number one natural gas pick. I’m not too good with the technicals but I guess the false breakout was because it only touched the support once? Just curious. Thinking of buying for a long hold.
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