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Cablevision

AR:CVH Reaching maximum within rectangular channelThe chart analyses an imminent bearish trend for Cablevision Holding (AR:CVH) stock, as prices are near the top of its rectangular, parallel channel. As can be seen in the chart, after an interesting bearish trend, the stock got into a rectangular channel, peaking un ARS 478 on June 08. In that occasion, RSI reached 85/85, MACD reached +5.30, and Momentum reached +61,00, with MACD curves depicting a bullish trend four days after crossing each other. Current stats show RSI 98/94, MACD +5.60, and Momentum reaching +90,00. Considering this, and noticing that prices are near its resistance line, I believe that it is almost the time to sell, and by no means to buy.
BCBA:CVH
by lbrina
Wanna ride cable to the hell or fly to the sky?!!!Reading up all the last day fed reports expectations of future cuts in 2019 aren't much and not so dovish dot plot/statement from Fed Chair Powell is holding the cable from rising further today. Fed had a dovish cut but talking about the future outlook it sounded not so dovish (no further major rate cut may arise and depending on economic data changes and how chaotic it gets fed may play conservatively if need to ease mp further) and now the only reason we can expect cable to rise strongly again is if the BOE surprises with positive rhetoric today, then the bottom of that rising channel may hold to present traders with a short-term buying opportunity. Yep, you got it I'm talking about the bullish bias here! If you’re a bear on the pair, then the not so dovish future outlook of Fed statement scenarios mentioned above had already drawn in some relief rallying for the Greenback, and in this scenario if the market is able to break below the rising channel lower trendline, that’s likely a strong signal for bearish momentum and bear players can start jump in. And any dovish rhetoric or surprise rate cut scenario from the BOE later will more likely turn a break into a swing move lower that potentially returns Cable back to its longer-term downtrend. Cheers! Have a party with cable tonight :D
by jessi061
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