CSGS - 8 months CUP & HANDLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
Trade ideas
CSG Systems (CSGS) Powers Billing and Engagement PlatformsCSG Systems International, Inc. (CSGS) provides revenue management, customer experience, and digital monetization solutions for telecom and media companies. Its cloud-based platforms help businesses manage billing, customer engagement, and analytics. As global demand grows for digital content and connectivity, CSG's scalable software and services keep it well-positioned for long-term growth in a rapidly evolving market.
On the chart, CSGS recently formed a confirmation bar with increasing volume and moved above the .236 Fibonacci level, entering the momentum zone. This technical signal suggests rising interest among traders and a possible continuation of the uptrend. Traders may consider using the .236 level as a trailing stop guide, based on the Fibonacci snap tool, to manage risk while staying aligned with the stock’s upward trend.
CSGS longAnother NASDAQ stock, which looks promising! Since the low from mid-June, this stock made a nice bullish move but formed and tested a resistance area in September . I've placed my buy order above this area - if it breaks, I expect a continuation of the bullish trend in October. Because of the US elections, the FED meeting, and the earnings date, I would rather close this trade at the end of October.








