CHTR is approaching our first support at 271.73 (horizontal swing low support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 304.11 (horizontal overlap resistance, 50% Fiboancci retracement).
Stochastic (89,5,3) is also approaching support where we might see...
This is my favorite pick for shorting. It hasn't dropped considerably yet. It has an extrememly weak fundamental score of 47.
If you dont have enough money to short many.. try to get a short in on this one.
If the SPY breaks down at open tomorrow.. Get short
CHTR is a possible momentum play. It had a good run & now seems topping out with huge moneyflow divergence. We think it has good downside potential.
On the option side we would consider $325 Puts
* Trade Criteria *
Date First Found- May 15, 2017
Pattern/Why- Momentum Trade
Entry Target Criteria- Break of $316.93
Exit Target Criteria- Target $285.13
watching chtr looks good for a big 10%+ as at an event on friday with the president, ceo pledges to hire 20,000 us workers and invest 25bn over the next 4 years. will be interesting to see how the market reacts next week with volume appearing to be coming in again.
Mining for gold is what I do when I study stock charts. I look through 50 on the hope I hit one golden stock chart ready to make me thousands. I just discovered Charter Communications, Inc. (NASDAQ:CHTR). The stock chart is primed for a fall based on two different trend lines discovered, each converging on the current price. This signals a high priority short on...
Potential beginning of a Bear Major Trend Reversal.
Earlier Bull Trend began in August, the bears tested
fairly strong below the exponential moving average (20)
for the first leg down and break of the bull trend.
After the bear test, the bulls retest back up creating a new swing high
(wedge top- 3 pushes up.). This might be considered a 40% probability trade,