$CHTR - LONG TERM PROJECTION -
Added 2024-05-17 09:45:06 +0000 UTCI said before that I was going to do a deep dive on $CHTR because I have noticed that a number of high profile 'Super' Investors have been adding $CHTR over the last 2 quarters, so usually when they are all in sync together like this, it raises my ears.
Now I can see why.
Wave 2 has pulled back to blue support line, which offered support in 2018 before running from $250 to $820.
We can also see that the price action has bounced on this level since testing....which coincided with them completing a $3 Billion public offering......offerings are sometimes badly needed when a company wants to grow...or in $AMCs case, to survive.
I suspect this new injection of cash will be used to expand, possibly 6G network upgrade.
Technically Wave 2 can be complete here, so I have added in the Wave 3 target which is monstrously higher now but may take 5 years to materialise.
For us, a route back to the previous high at $828 would be the initial target for us and I would be happy with these returns.
I still have more analysis to do before starting a position, fundamentally it is undervalued at these levels but I want to see more to confirm that Wave 2 is complete.
But I will be strongly considering a position here soon, it has also moved against the US market too, which is something I am also attracted to right now.
