1CHTR trade ideas
$CHTR with a Bullish projection after earning release The PEAD projected a Bullish outlook for $CHTR following a positive under reaction after the earning release, placing the stock in Drift A
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Rising WedgeCHTR broke up from a V Bottom and has traveled from the bottom in a narrowing rising wedge.
RWs are often long term patterns, taking at least 3 weeks to form and can last many, many months
The pattern is not valid unless price breaks the bottom trend line of the RW
CHTR has broken the bottom trendline. CHTR is a strong stock in my opinion, and the average fall for a stronger stock is 35% down. CHTR may have already found support. It remains to be seen
Some stocks merely pierce the bottom trendline briefly and move on. I've noticed the RW often comes back to haunt them later and strangely, the pull back often occurs after an earnings beat!
RWs differ from triangles as both lines slope up in the same direction and converge at the apex and are usually bearish. A stock can break up and out of a RW, CRM did when added to the DOW. Often a break up is hard to hold on to long term though.
RWs are not a healthy pattern for bulls and signal an imbalance between supply and demand, and is caused by too much buying without healthy pull backs. (Irrational exuberance) In the end, there is a shortage of buyers
Rising wedges are among the favorite trades for short sellers and they jump in as soon as that line is broken
Just an observation
The trend is your friend until it is not )o:
CHARTER [CHTR] ENDING 2020 STRONGAfter closely following Charter telecommunications for a while now its definitely proven to be a consistent time and time again. In the coming months it is projected
to continue following the uptrend with due volatility. These trend lines (based on chart patterns and indicators) are re-traceable to entrance of Charter into the public 10 years ago. Indeed a stock to hold in the long run, additionally the coming elections could definitely impact positively as Charter has confirmed their interest in expanding to rural areas and the possible help of the government to do so. Regardless silly political games will have minimal impact.
Cup and Handle Rising wedge A TriangleB/O is 546.9ish CHTR would need to break below 541ish to pierce bottom trendline of rising wedge
I will wait for a pierce of the bottom trendline of rising wedge to get in. I am sure most are already in if they want this stock
Also an ascending triangle noted and has broken resistance of A triangle so will possibly become support at 553ish when there is a pull back
Possibly a pullback coming ..strong stock/This I know
Keep your eyes open and good luck!
CHTR was a top gainer, rising 44.38%.Expect Uptrend continuationCharter Communications Inc. - Ordinary Shares - (CHTR, $536.67) was one of top quarterly gainers, jumping +44.38% to $536.67 per share. My A.I.dvisor analyzed 19 stocks in the Cable/Satellite TV Industry over the last three months, and discovered that 19 of them (100%) charted an Uptrend while none of them (0%) trended down. My A.I.dvisor found 240 similar cases when CHTR's price jumped over 15% within three months. In 184 out of those 240 cases, CHTR's price went up during the following month. Based on these historical data, A.I. thinks the odds of an Uptrend continuation for CHTR are 77%.
BUY to CHARTER COMMUNICATIONS at market openning
Hey traders ,**DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Buyers are turned back but it is possible that they will return faster than expected.
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