Nov. 13 at 1:38 AM
$CTRA is currently trading at
$26.75, showing strong momentum with an RSI of 84.17, indicating overbought conditions. The price is near the 60D high of
$26.88, suggesting potential resistance at this level. The 30-day moving average (MA30) at
$24.04 and the 50-day moving average (MA50) at
$24.00 indicate a bullish trend, but the high RSI suggests caution.
Directional bias is slightly bearish in the short term due to the overbought RSI, which may lead to a pullback. Suggested entry could be around
$26.50 if a correction occurs. Set a stop loss at
$26.00 to limit potential losses.
Targets could be set at
$27.00, just above the 60D high, and
$27.50 for a more aggressive target, considering potential breakout scenarios.
Monitor closely for signs of reversal or continuation.
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