The Double Bottom is just one piece of the puzzle. See the full technical breakdown.
Reversal pattern after a downtrend.
Expanding volatility. Sign of instability.
Technical analysis of Charter Communications (CHTR) reveals a significant setup. With a last close of $147.36, volatility remains active (1.9%). Price action has carved out a classic Double Bottom. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $254.11, targeting $371.59 with support near $195.37 (R:R 2.0).
What is your outlook on CHTR?