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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