hello freinds
this chart we show that this market will know an uptrend but you must a cross on level of 848.68 for target of 932.76
when i recommend buying
cordialy
The PEAD projected a Bullish outlook for $CHTR after a Positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 57%.
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
The PEAD projected a Bullish outlook for $CHTR after a Negative over reaction following its earnings release placing the stock in drift C
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
NASDAQ:CHTR
CHARTER COMMUNICATIONS INC (#CHTR)
Downward channel taking place from December 2021
Higher low on the 6 April 2021 which may lead to a reversal
Gradually closing above the 50MA
MACD sloping up ( a close above 0 would confirm the positive momentum)
RSI in the middle, room for upside
Target USD 680
Stop loss USD 600
Charter Communications is a pillar of the telecommunications industry and is seeing prices decline right now (April 6, 2021) but will eventually be a great buy opportunity.
Weaknesses
Endless debate between the "oh my god cord-cutters!" vs. the "cord-cutters need broadband internet!" crowds on social media
Doesn't pay a dividend so they fail my "ok...
William Alligator : the stock is in a bullish position because the candlesticks start being above the Teeth, Lips and Jaw.
RSI : the line is under 70, so the stock is not overbought.
Candlestick patterns : there are three white soldiers which are a bullish confirmation.
Overall : it can be interesting to take a buy position on this stock because the...
CHTR has fallen from multiple rising wedges. I drew 2. It has cleared bottom trendline of all of them now but does not mean it can not fall further.
Rising wedges are a bearish pattern and terminal in the end. Too much buying without healthy pullbacks which interrupts supply and demand.
Possible stop a few tics below C in case a retest of C occurs.
Targets...
