$CNSL fell sharply after its new high in May, but it found support just above the rising trendline. It then retraced back up to the 62% Fibonacci level, trade back down to the 38% level and today it is breaking above the falling trendline after a bullish Engulfing pattern yesterday. I think that a test of the previous high of 9.89 is possible with a bit of...
MACD is curling up and the current price is near the YTD POC line. The price gapped up slightly yesterday and tested 2 fibonacci levels and the 9ema. It looks like it wants to move higher. Target: $7.02, $7.41, $8.04
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...
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if you buy here any amount & hodl for 3 years fun fact you will gain all your investment back in dividends alone
Confirmed downtrend. if not in the trade, i wouldn't join now. Will watch for reversal at 10.26 Monthly lines are solid Weekly lines are dotted Arrows based on weekly chart Looking for LL around 9
Watch for breakout: 9.26.18 2:30pm CNSL is about to come out of a weekly cup and handle formation or minimally a double bottom, which both usually rise upward. Small-cap telecommunications stock adding fiber optic lines and hurt by earnings after infrastructure investment. * Compares to: CBB FTR CMCSA T * Pays 12% Dividend yield currently, so...
So here is an interesting chart forming on the well beaten down $CNSL on the NASDAQ, double bottom and a 50 period moving average crossing.
Another long strategy on CNSL based on the double bottom pattern at key support.
Chart is fairly self explanatory, heavily oversold bear run that has completed 3 waves to the downside. Sports a stellar 8.5% divi as of close today. Conviction buy
CNSL seems forming a inverse head & shoulder formation, and it seems breaking out its neckline now. Moneyflow had strong divergence & now shooting up. Overall very good long setup. * Trade Criteria * Date First Found- July 5, 2017 Pattern/Why- Inverse H&S, breakout Trade Entry Target Criteria- Break of $22.17 Exit Target Criteria- $24.67 Stop Loss Criteria-...
Price has funneled higher in a rising wedge pattern. Now we have price closing beneath the rising trendline and previous horizontal support / resistance level. Best entry would be to sell a break of the most recent bar. There is a good chance that the trendline will be tested from beneath. However, price should not close back above the trendline if the pattern...