4CHTR trade ideas
CHTR - DAILY CHARTHi, today we are going to talk about the Charter Communications Inc and its current landscape.
Charter Communications Inc enters in the spotlight of the market as T- Mobile has announced that John Legere will leave the seat of CEO of the company, been replaced by Mike Sievert in April 2020. The former CEO that has been leading the company since 2012 will remain a member of the board. Its replacement Mike Sievert is the current president and chief operating officer (COO). The transaction period seems set to be smooth as Legere will assist with the acquisition process of its rival company Sprint, that it's controlled by Softbank that also holds control of WeWork, where Legere its quoted to be the new CEO. The acquisition of Sprint (an $26 billion deal) makes the T-Mobile step up its potential of competition in the Telecommunications Sector, possibly imposing a reducing of market share for Charter Communications Inc.
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CHTR at New All-Time HighCHTR has moved with momentum to a new all time high. The stock is experiencing some profit-taking by Professional Traders at this time.
CHTR break outCHTR had to big days last week. I'm waiting for a healthy pullback to this old resistance, new support. Stop below the previous weeks' candle. Volume is decent. It is above all 3 EMAs.
Indicators signal bullish move in Charter Communications. RSI | MACD | Histogram all bullish and stochastic has reset for next move higher.
Awaiting breakout above $427
Entry level $430
Price target $479
Stop loss $420
KeyBanc upgrades Charter Communications (NASDAQ:CHTR) from Sector Weight to Overweight with a $515 target.
The firm cites CHTR's "ample opportunity" to increase its broadband penetration.
KeyBanc notes that Charter has "significant" FCF generation that can go towards repurchases, sees upsides in the recent price increases, and thinks the mobile expansion should drag less on profitability next year.
Charter shares are up 0.4% pre-market to $418.27. The company has an Outperform average
Source seeking alpha
ShortAssuming that three waves are complete, it is reasonable to prepare to short
- either in a wave 3 (+4-5) in an impulse down - if the structure will be a flat
- or at least into a local wave C if this will be a larger triangle.
Good luck!
CHTR Ascending Channel PatternI have May 17 $350/ May 10 $360 Diagonal Credit Spread on this @ $6.05 per contract.
CHTR - Ascending ChannelTempted to go short on a quick 1 or 2 day play before it touches the lower trendline. If not, then will go long on confirmation.
CHTR breaks through resistanceI don't believe CHTR will break this old resistance, new support. I'm ready to go long here with the stop below the 20 EMA.
CHTR: I am glad this is not for everyone.If you're a low baller, go back to something else. This has 385 written all over the place. There are many ways to play this and I know mine.
gl
Great Short OppurtunityA perfect cup and handle forming on CHTR watch for a break in consolidation then a 5-10 dollar breakdown. Happy trading!!
CHTR approaching support, potential bounce! CHTR is approaching our first support at 271.73 (horizontal swing low support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 304.11 (horizontal overlap resistance, 50% Fiboancci retracement).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
[CHTR] phase 2 -> buy!The price return to 30MM and we saw in the mid of sep. the volume is high. The RSI is in the middle.
I recommend to buy.
CHTRThis is my favorite pick for shorting. It hasn't dropped considerably yet. It has an extrememly weak fundamental score of 47.
If you dont have enough money to short many.. try to get a short in on this one.
If the SPY breaks down at open tomorrow.. Get short
nobody is watching tv anymore (1)this is not a trade i would do , just a guess
Timing = 0
Volume = 1
fractal = 0
market = 1
ABCD Pattern = -1
Bullish Cypher/SharkNice formation of a bullish Cypher OR Shark... The pattern is also forming some nice bullish divergence. Waiting and watching this one!
Bearish Pennant Pattern$CHTR breaking down from a bearish pennant with price targets below. If you are a VIP member, we issue price targets. @classicoptions
CHTR- Downward Momentum short from $316.93 to $285.13CHTR is a possible momentum play. It had a good run & now seems topping out with huge moneyflow divergence. We think it has good downside potential.
On the option side we would consider $325 Puts
* Trade Criteria *
Date First Found- May 15, 2017
Pattern/Why- Momentum Trade
Entry Target Criteria- Break of $316.93
Exit Target Criteria- Target $285.13
Stop Loss Criteria- $325
Please check back for Trade updates. (Note: Trade update is little delayed here.)
