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Gray Television recently entered into an agreement to purchase Raycom Media for $3.65 Billion. The combined company will have 142 full-power television stations in 92 markets, the 3rd Largest Portfolio of stations and markets in the United States.
Grays's station portfolio currently reaches about 10.4 percent of total U.S. television households, ...
Keeping things simple sans wave count. Impulse waves develop in the direction of the larger trend. Multiple impulse waves seen here in the boxes suggest a possible 3rd of 3rd. Initial target is 18.
holding for now in The Momentum Letter
very bullish chart
one of our Momentum Letter trades
Highlighted this yesterday...breakout today.
$12.25 target on the break
after a wonderful trade in GTN we can see a new bullish opportunity as it is forming a Flag formation. We think it will go up from here & our target is 12.67 & we are looking for a break of 11.50 for trade entry.
You can check our detailed analysis on GTN in the trading room/ Executive summery link here-
Time Span: ...
Gtn operates TV stations in 44 markets and has strong fundamentals, this breakout gives a good entry point.
Looks like a Crab here
Updated notes on chart
Bullish Gartley nearing tgt