Charter Communications Stock (CHTR) - RSI - Oversold - Buying Opportunity.
Stock went Down Hard off earnings yesterday due to losing way too many Internet subscribers.
But, they just signed a joint venture deal with Comcast involving T-Mobile as their wireless provider.
Translation, Charter (CHTR) stock was way oversold per the RSI - Relative Strenght Indicator (down $70.00 a share at the bottom).
Bought at the bottom, it will bounce back over time; accumulating.
Charter has NEVER been oversold. EVER. Just risky bets that let a rare risk taker win.
I disagree as the 1.2M net adds from AT&T and TMo came from their broadband units. I expect talks from both Charter and Comcast to be about restructuring and nonsense. They both have even worse reputations than wireless providers, somehow.
RSI - Relative Strenght Indicator under 30 means Charter (CHTR) is oversold.
Current RSI - 23.69
Took out shares (not a ton) with a trailing stop-loss to see if it can bounce (it should) and will accumulate more if it does ride up.
Normally, I would not buy into a peak (or near) stock market that is treading water; but this one might be worth the gamble.
Disclaimer - I do not own Veriron stock (currently).
the nice thing about rsi, no matter how far it falls, it can still fall further and the indicator looks fine.
wait.. what, who? WHO ARE YOU? WHY ARE YOU HERE?