CNSL trade ideas
Long CNSL, Entry: 8.96, Target: 9.89, Stop: 8.70, Risk/Rew.: 3.6$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 volume. Also, is we consider this to be a swing low we could be in for a move up towards 10.50, but that is for later. For now, I see the following trade.
With and entry at the price 8.96 (price at the time of writing), target of 9.89 at the previous high and a stop at 8.70 whish is just below the falling trendline, we have a risk/return ration of 3.6.
CNSL Bullish SwingMACD 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
Hidden Bullish divergence after retesting supportFrom 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.
Consolidated Communications (CNSL) long.All description on the chart.
Please, don't forget to like and follow.
Thank you.
Great buy long to fill the gap @8.50 plus the dividendsif you buy here any amount & hodl for 3 years fun fact you will gain all your investment back in dividends alone
What happens when you draw the pattern #1Confirmed 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
Consolidated Communications Holdings Cup&Handle about to brkout 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 little risk. Ex-divident is Oct. 12th. payable Nov. 1st and quarterly.
* Potential to double on Fibretracement to $24 into early 2019 and upward by end of 2019 into 5G massive MIMO communications and fiber optic cable lines for markets served.
* Will be positioned to grow into 2019 with dividends and then catch 5G services growth and target by year end 2019 likely $28-30, as Telecom stocks grow when profits made.
* EPS Growth was -386800%, just indicates it is making progress with profitability vs industry average 144%, but it is a small cap.
* Mkt Cap $914M, 2018 sales will be $1.4B, that's a bababa-billion. Enterprise value with recent upgrade is paultry 3.25B, or shows undervalue ratio 3.25/0.914 = 3.55 and poised to grow customers. Book value buy?
* Debt however is high and will reduce with growth as small-cap to mid-cap (expected for market and opportunity).
* Insider buying is small, but a positive 27,000 shares/yr. last 2 yrs.
* With telecom & cable industry at current prices not sure if it'd be an acquisition target?
About CNSL: Consolidated Communications Holdings, Inc., through its subsidiaries, provides various integrated communications services to business and residential customers in the United States. It offers a range of communication services and products that include local and long-distance, high-speed broadband Internet access, video, voice over Internet protocol, private line, custom calling features, security, cloud, data center, managed and IT, and directory publishing services, as well as engages in equipment sales activities. The company also sells and supports telecommunications equipment, such as key, private branch exchange, IP-based telephone systems, and other hardware solutions, as well as offers support services to medium and large business customers. As of December 31, 2017, it had approximately 972 thousand voice connections, 784 thousand data connections, and 103 thousand video connections. The company serves customers in consumer, commercial, and carrier channels.
No way, $CNSL passing a moving average after a double bottom!?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.
CNSL double bottom at key supportAnother long strategy on CNSL based on the double bottom pattern at key support.
CNSL strong divi buyChart 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 - Inverse H&S, breakout Long from $22.17 to $24.67CNSL 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- $20.87
Please check back for Trade updates. (Note: Trade update is little delayed here.)
CNSL short from Weekly Rising WedgePrice 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 is correct.
