September 25, 2021, 16:00 pm ET, BY Harold S. - Contributor |
Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
This report was produced using AI developed by Stock Traders Daily. Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves. This methodology is also applied to Index options, ETFs, and futures. The objective of this specific report is to optimize trading in
Charter Communications (NASDAQ: CHTR) while incorporating prudent risk controls.
Warning:
This is a static report, the data below was valid at the time of the publication, but support and resistance levels for CHTR change over time, so the report should be updated regularly. Real Time updates are provided to subscribers. Unlimited Real Time Reports.
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Instructions:
The rules that govern the data in this report are the rules of Technical Analysis. For example, if CHTR is testing support buy signals surface, and resistance is the target. Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly. In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.
Swing Trades, Day Trades, and Longer term Trading Plans:
This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for CHTR too. All of these are offered below the Summary Table.
Longer Term Trading Plans for CHTR
- Buy CHTR slightly over 697.95 target 743.54 stop loss @ 695.93 Details
The technical summary data tells us to buy CHTR near 697.95 with an upside target of 743.54. This data also tells us to set a stop loss @ 695.93 to protect against excessive loss in case the stock begins to move against the trade. 697.95 is the first level of support below 739.17 , and by rule, any test of support is a buy signal. In this case, support 697.95 would be being tested, so a buy signal would exist.
- Short CHTR under 743.54, target 697.95, stop loss @ 745.69 Details
The technical summary data is suggesting a short of CHTR as it gets near 743.54 with a downside target of 697.95. We should have a stop loss in place at 745.69though. 743.54 is the first level of resistance above 739.17, and by rule, any test of resistance is a short signal. In this case, if resistance 743.54 is being tested, so a short signal would exist.
Swing Trading Plans for CHTR
- Buy CHTR slightly over 743.54, target 750.72, Stop Loss @ 741.39 Details
If 743.54 begins to break higher, the technical summary data tells us to buy CHTR just slightly over 743.54, with an upside target of 750.72. The data also tells us to set a stop loss @ 741.39 in case the stock turns against the trade. 743.54 is the first level of resistance above 739.17, and by rule, any break above resistance is a buy signal. In this case, 743.54, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short CHTR near 743.54, target 731.73, Stop Loss @ 745.69. Details
The technical summary data is suggesting a short of CHTR if it tests 743.54 with a downside target of 731.73. We should have a stop loss in place at 745.69 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 743.54, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for CHTR
- Buy CHTR slightly over 742.90, target 743.54, Stop Loss @ 741.17 Details
If 742.90 begins to break higher, the technical summary data tells us to buy CHTR just slightly over 742.90, with an upside target of 743.54. The data also tells us to set a stop loss @ 741.17 in case the stock turns against the trade. 742.90 is the first level of resistance above 739.17, and by rule, any break above resistance is a buy signal. In this case, 742.90, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short CHTR near 742.90, target 731.73, Stop Loss @ 744.63. Details
The technical summary data is suggesting a short of CHTR if it tests 742.90 with a downside target of 731.73. We should have a stop loss in place at 744.63 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 742.90, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
CHTR Ratings for September 25:
| Term → | Near |
Mid |
Long |
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
697.95 |
| P2 |
742.90 |
731.73 |
743.54 |
| P3 |
753.37 |
750.72 |
788.27 |
⚠Triggers may have already come
Support and Resistance Plot Chart for CHTR
Blue = Current Price
Red = Resistance
Green = Support
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