Resistance

Million

Time

Spectrum

<ul class="list-ic vertical">
 <li><span>1</span> <a>CHTR stock price showed a vertical rebound and surpassed the $400 mark.</a></li>
 <li><span>2</span> <a>Sellers are trapped and covering their short positions.</a></li>
</ul>
<p>Charter Communications (NASDAQ: CHTR) CHTR stock price has replicated a rebound from the demand zone of $370 and attained a vertical pullback rally delivering the buyers accumulation. Furthermore, the price action indicates that bulls are gaining traction and are trying to retain the higher swings after a steep decline. On the bottom, an inverted hammer candlestick formed followed by a bullish engulfing candlestick which capped the downside and reversal was witnessed in the past sessions.</p>
<p>Charter Communications, Inc. engages in the provision of broadband communications services. Its services include Spectrum TV, Spectrum Internet, and Spectrum Voice. The firm offers business-to-business Internet access, data networking, business telephone, video and music entertainment services,and national businesses the opportunity to advertise in individual and multiple service areas on cable television networks and advanced advertising platforms.&nbsp;</p>
<p>CHTR stock price action is showing long buildup activity. Below$360, a bullish engulfing candlestick witnessed the end of correction and fresh reversal on the charts. Last month, Q3 earning results were posted and a healthy comeback was witnessed.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-will-chtr-stock-surpass-barrier-of-425-strong"><strong>Will CHTR Stock Surpass Barrier of $425</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/IgAuLcuyvfpbDAD8WdGRA6Te8LHVlgcBNVwure2Az1POofWcUERXBuZ2_9pof8iKdUAdTMU74itVSUL_qYUaUEJUm6lEztIJ6bmw25wt0OKXSZUCoZDN347D2gq6U_RccGD0QP-cmFZJuPokHPyOND4" alt="CHTR Stock (NASDAQ: CHTR) Rising From Ashes, Right Time to Buy?">
  <figcaption class="wp-element-caption">
   Source: CHTR Stock/NYSE By TradingView
  </figcaption>
 </figure>
</div>
<p>At press time, CHTR stock price is trading at $413.48 with an intraday gain of 0.12% showing neutrality on the charts. Moreover, the trading volume increased by 0.67% to 1.255 Million and the market cap is $61.162 Billion. Analysts have maintained a buy rating with a yearly target price of $461.77 suggests outperformance for the next sessions.</p>
<p>On the daily charts, CHTR stock has surpassed the barrier of $400 and is gaining pace beyond the 20 day EMA mark. However, sellers tried their best to push stock below the trajectory swing of $350, but failed and a sharp comeback was witnessed in the past sessions.</p>
<p>Despite the slippage, CHTR stock managed to hold the gains and noted a comeback rally which trapped the sellers resulting in a bounce. CHTR stock price is trading close to the 50 day EMA and takes a pause during the recovery. Additionally, sellers are looking to break the voyage of bulls and trying to crash the buying momentum. However, the options chain data shows that $410 is the strong support zone based on the put writing data. Meanwhile, the immediate hurdle exists near $420.</p>
<p>The ongoing trend shows that buyers are retaining the gains and have absorbed the selling pressure decisively. Moreover, CHTR stock has acquired the 50% Fibonacci retracement zone and is suggesting the upside for the next sessions.</p>
<p>The RSI curve stayed close to the midline and noted a bullish divergence suggesting a neutral perspective for the next sessions. The MACD indicator shows a convergence of the signal line with MA line indicating a reversal on the charts.</p>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p><a href="https://www.thecoinrepublic.com/2023/11/08/reckitt-benckiser-share-price-lse-rkt-prediction-2023-2024/" target="_blank" rel="noopener noreferrer nofollow">CHTR stock price</a> is trading above the significant moving averages and is showcasing an uptrend in the past sessions. Furthermore, the price action is delivering a bullish outlook. Per the technicals, CHTR stock will continue to dominate the gains and may reach $600 soon.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p>Support Levels: $400 and $380</p>
<p>Resistance Levels: $425 and $440</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.</p>

CHTR Stock (NASDAQ: CHTR) Rising From Ashes, Right Time to Buy?

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Thecoinrepublic.com

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