balapa24

Hidden Bullish divergence after retesting support

NASDAQ:CNSL   Consolidated Communications Holdings, Inc.
From the covid crash to it's peak made a 78.6% retrace. Since then it has moved up to critical fib retracements, moved down testing & retesting support before moving up to the next fib retracement. It is once again showing hidden bullish divergence on the MACD. I'm setting my stop/loss at $4.97 with targets of $6.13, $6.75, and if you're really aggressive $7.52 for a 3rd target. My strategy will be sell 50% at the first target & 50% at the second target. As always, this isn't financial advice it is just what I'm doing to build my own stimulus package.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.