The Double Bottom is just one piece of the puzzle. See the full technical breakdown.
Reversal pattern after a downtrend.
Technical analysis of Charter Communications (CHTR) reveals a significant setup. The stock is trading at $123.31, down 2.52% on the day. Price action has carved out a classic Double Bottom. This setup is supported by strong volume turnover. A potential breakout level is identified at $168.11, targeting $224.67 with support near $139.83 (R:R 2.0).
What is your outlook on CHTR?