CTRA - Healthy Dip Before Next Rally

TradingView2026/04/15 17:15

By:TradingView

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CTRA is in a clear uptrend, but after a strong rally, it’s now taking a healthy pullback. Price got rejected near $37 and is slowly moving down toward a strong support zone around $29, where buyers previously stepped in. Wave 4 can become a crucial demand zone for the current prices. Before the next big move, it may show a small bounce and then dip again into this zone to complete the correction.

The stock has already pulled back about 50% of its previous move, and now it’s approaching a strong support area. We’re watching for a possible reversal near the 61.8% Fibonacci level, which lines up with the previous support zone (earlier pullback area) and a known demand zone where buyers have stepped in before. Target for this setup is 33.45 - 34.64 - 36.10+.

Entry is only possible after the price action confirmation or sub-wave formation.

We will update with further information soon.
By BrightRally_Research

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CTRA - Healthy Dip Before Next Rally

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