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Watch for breakout: 9.26.18 2:30pm CNSL is about to come out of a weekly cup and handle formation or minimally a double bottom, which both usually rise upward. Small-cap telecommunications stock adding fiber optic lines and hurt by earnings after infrastructure investment. * Compares to: CBB FTR CMCSA T * Pays 12% Dividend yield currently, so...
Chart is fairly self explanatory, heavily oversold bear run that has completed 3 waves to the downside. Sports a stellar 8.5% divi as of close today. Conviction buy
CNSL seems forming a inverse head & shoulder formation, and it seems breaking out its neckline now. Moneyflow had strong divergence & now shooting up. Overall very good long setup. * Trade Criteria * Date First Found- July 5, 2017 Pattern/Why- Inverse H&S, breakout Trade Entry Target Criteria- Break of $22.17 Exit Target Criteria- $24.67 Stop Loss Criteria-...
Price has funneled higher in a rising wedge pattern. Now we have price closing beneath the rising trendline and previous horizontal support / resistance level. Best entry would be to sell a break of the most recent bar. There is a good chance that the trendline will be tested from beneath. However, price should not close back above the trendline if the pattern...