$CNSL fell sharply after its new high in May, but it found support just above the rising trendline. It then retraced back up to the 62% Fibonacci level, trade back down to the 38% level and today it is breaking above the falling trendline after a bullish Engulfing pattern yesterday.
I think that a test of the previous high of 9.89 is possible with a bit of...
MACD is curling up and the current price is near the YTD POC line. The price gapped up slightly yesterday and tested 2 fibonacci levels and the 9ema. It looks like it wants to move higher.
Target: $7.02, $7.41, $8.04
From the covid crash to it's peak made a 78.6% retrace. Since then it has moved up to critical fib retracements, moved down testing & retesting support before moving up to the next fib retracement. It is once again showing hidden bullish divergence on the MACD. I'm setting my stop/loss at $4.97 with targets of $6.13, $6.75, and if you're really aggressive $7.52...
Confirmed downtrend. if not in the trade, i wouldn't join now. Will watch for reversal at 10.26
Monthly lines are solid
Weekly lines are dotted
Arrows based on weekly chart
Looking for LL around 9
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...
