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 FTRCMCSA T
* Pays 12% Dividend yield currently, so little...
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...