I mostly became interested in this stock due to the sector and the recent shift in it's quarterly profit margins; but the stock price did not reflect what I saw in the recently rising profit margins so upon closer inspection it became somewhat apparent that the debt incurred by the company has been utilized to finance their day-to day operations and that these...
CommScope Holding Company, Inc. provides infrastructure solutions for communications and entertainment networks. It operates through four segments: Broadband Networks (Broadband), Outdoor Wireless Networks (OWN), Venue and Campus Networks (VCN), and Home Networks (Home). The Broadband segment provides converged cable access platforms, passive optical networking...
Very good chart to education.
The stock breaks through resistance and begins to rise. Ahead of the targets: 14,15 and 16,20. Upside: 32% and 40% possibly higher. Technically, the picture is very good.
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Weekly: At Support Zone
Daily: Trendline Break
Entry 12
Stop 11.4
Target 21
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
NASDAQ:COMM price action is bullish, any pullback towards 50 MA is a buying opportunity IMO. Anticipated price action and targets is shown on the chart, stop daily close below 15.5$.
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This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!
$COMM ready to break out. Technology>Comms Equipment showed sector strength on 04-08. Game play is to set a limit order above the closing price wick to buy into strength.
Trend is your friend.... must get above channel and stay out more than a week to confirm. RSI weekly near 60..bullish territory. Looks like it rejected with punctuation right at the top of the channel so far ... lets see what it can do.
Possible trend continuation here. Stop and targets on chart.
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Technically, the stock has some hurdles too clear. However, it has made a higher low here recently and volume surged today. With massive call buying only a few weeks til expiration, either someone knows news is pending or an institution thinks the 5G story will lift the stock. I bought the calls and own stock as a speculative play only. Trade at your own risk!
COMM had a tremendous move during earnings and is now retracing to its old resistance
Its showing clear support at the 13.52 level
With Price Target at 15.81
Thats a +13% gain
It closed with very low volume yesterday
and I love how its hovering on the 20ema
If it closes above the 9 tomorrow
I will be looking for an entry with a stop loss at 15.75
Daily and weekly chart seem to breaking triangle. Good for long term, as company target next quarter result may increase.
$14.47 may the last support, by current price $15.50, this stock should be potential to climb further. the next target sell price around $24.00.
