Market analytics: Communication sector on the rise (#IXC)

The Communication sector is now on the rise moving into “Improving” sector based on the Relative Rotation Graph (RRG)

Among the components of #IXC we highlight the below as interesting picks for the coming weeks based on technical analysis:


CHARTER COMMUNICATIONS INC (#CHTR)

  • Downward channel taking place from December 2021

  • Higher low on the 6 April 2021 which may lead to a reversal

  • Gradually closing above the 50MA

  • MACD sloping up ( a close above 0 would confirm the positive momentum)

  • RSI in the middle, room for upside

  • Target $ 680

  • Stop loss $ 600


FOX CORPORATION (#FOXA)

  • Good risk/reward ratio (2.05)

  • #FOXA recent pullback got stopped on the 50MA

  • MACD sloping up

  • Low RSI

  • Target at $ 42.68

  • Stop loss at $ 35.18


COMCAST CORP (#CMCSA)

  • Pullback from market high

  • Fibonacci levels identified with strong support at $ 52.44

  • A break of 50MA would coincides with break of downward trend-line

  • Target $ 56.19

  • Stop loss $ 52.35


LUMEN TECHNOLOGIES INC (#LUMN)

  • Good level of support at $ 12.80

  • MACD sloping up

  • RSI low with room for upside

  • A break and close above 50MA might confirm positive momentum

  • Risk/reward ratio 3.18

  • Target $14.56

  • Stop loss $ 12.43

OTB Global Investments

15 April 2021

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