Market insights
Comtech Telecommunications Corp: Trading Idea for 17/10/2023Following the Q4 results of the 2023 financial year, Comtech Telecommunications Corp. has reported an increase in its revenue. The primary factor contributing to this growth is the conclusion of a long-term contract with the US government for the development and production of advanced communication systems. Historically, government contracts have a positive impact on the company's business, enhancing its overall sustainability.
In light of this development, our focus today is on the Comtech Telecommunications (NASDAQ: CMTL) stock chart.
On the D1 timeframe, support has formed at 7.92, with resistance at 9.11, which was swiftly breached on Friday 13 October. Following this breakout, the quotes surged to reach their historical peak.
On the H1 timeframe, the short-term target for the price increase is around 12.53; while in the medium term, it could reach 16.22.
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$CMTL Long-term Long Trade. Targets On Chart Most important technicals on this chart, pending breakout confirmation, is the red trendline (as short-term resistance) and the bottom of the red arrow (strong support)
These thoughts are my own ideas based off my own analysis. Please do your own research before putting your own money into the markets.
CMTL2 measure rules
a Triangle, and RSI Divergent
or we could have a gap situation.
so plenty to pick from.
I am looking to see a possible divergence Move up.
Long CMTL following base break!Following the base breakout of CMTL along with a huge decline in volatility prior to the break, long with a target of 10%. Will cover position prior to earnings.
CMTL Detected possible contract win!!!CMTL: comtech telecom co
2018-07-10 09:00:16
Detected possible contract win
CMTL Detected possible contract awarded!!!CMTL: comtech telecom co
2018-05-29 10:00:04
Detected possible contract awarded
CMTL Detected possible contract awarded!!!CMTL: comtech telecom co
2018-04-11 10:00:13
Detected possible contract awarded
CMTL Detected possible contract awarded!!!CMTL: comtech telecom co
2018-03-05 10:00:04
Detected possible contract awarded
Looking good for a 3 buck scalpIf CMTL can break above 19.85 the next target around 23.95 looks likely.
Bet on Rebound After a sell off more than 30% in a week. To me, it is due to some panic sell off here. However, after a wave of sell-off, a chance of rebound will be increase. I would like to put a small bet (because of the volatility) here, expecting 5-10% rebound in 5 days.
