20% Upside Poetntial In Charter Communications Inc. Nasdaq: CHTR

Why are we interested in Charter Communications, Inc.? It is because there seems to be a 20% upside potential even from current levels.

Charter Communications Inc. is a broadband connectivity company and cable operator serving over 32 million customers in 41 states through its Spectrum brand. The Company offers a full range of residential and business services, including Spectrum Internet, television (TV), Mobile, and Voice. Its Spectrum Business delivers a range of broadband products and services coupled with features and applications to enhance the productivity of small and medium-sized companies. Spectrum Enterprise provides highly customized, fiber-based solutions for larger businesses and government entities.

Disclaimer in non-legal language 🙂 I'm just letting you know that despite my use of words suggesting you should buy this stock at a suitable time, please remember that I am simply trying to teach you how to figure out exciting setups. Consider this post as part of my effort to share my knowledge of Elliott Waves with you. Talk to your financial adviser before you do anything!

As always, I present my teaching with the help of charts sourced from Thomson Reuters. If you would like to subscribe to their software, use this link. That will give you two months free if you buy a 1-month subscription. I have been using their services for 40 years, and they are so easy to use.

Where will Wave 3 end? We don’t know that. My advice to traders is never to stand in the way of a third wave. It can keep going up. However, if you are fortunate to get a decent correction as wave 4, then you should get interested. In case you would like to check out my online program, where trading tactics are taught in detail, you can find the details here: https://elliottwaves.com

And if you want to browse my free blog that goes back all the way to 2008, head over to https://wavetimes.com

And to remind you, here is the link to the software I use.

Best wishes

Ramki

6 September 2024

The stock has been coming off and we are in the third step down. That means we should start paying closer attention to where it could end, and how far down it has come. Our paradigm is this could be a wave 4 correction. However, in the event we are wrong about that, and 5 waves are already over at $386, we will be in a wave 2 down. That means the next rally will be a wave 3 with even more promise. Therefore, we should ideally look at the chart of CHTR at least once every two or three days. Of course, I leave that task to you! But below is a chart to get you started off.