Updated
CTRA - Wave Resistance Break Could Trigger Rally
In previous research, we analyzed the wave scenario where bulls are about to take control. The stock already reached the expected Fibonacci cluster level and hit the first target of 33.45!
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What's Next?
If the stock is going on an upward march, it has to break the wave resistance of 34.35 and sustain above it. A strong move with good volume can help the stock make a new all-time high, too. Target for this setup is 36.10 - 38.1 - 39.8.
As we mentioned earlier, a pullback before a move is expected when the price fails to break the resistance.
We will update further information soon.
BrightRally_Research
Visit here:
What's Next?
If the stock is going on an upward march, it has to break the wave resistance of 34.35 and sustain above it. A strong move with good volume can help the stock make a new all-time high, too. Target for this setup is 36.10 - 38.1 - 39.8.
As we mentioned earlier, a pullback before a move is expected when the price fails to break the resistance.
We will update further information soon.
BrightRally_Research
Trade closed: target reached
36.10 DONE!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.