CHTR – Decision Time at Multi-Year Support

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CHTR – Decision Time at Multi-Year SupportCharter Communications, Inc.BATS:CHTRtruthseeker6 Bearish Setup (Trend Continuation) Long-term downtrend intact (lower highs, lower lows). Price trading below all EMAs, slope is negative. Momentum: RSI weak (~40), not oversold yet → room for more downside. Key Breakdown Level: $236. If broken → next major support $174.68. Long Setup / Bounce (Countertrend Play) Current zone $236–263 = strong multi-year support. I am long from $262.30, with stop at $249.50 → good risk-defined setup. If $236–263 holds, upside bounce targets are: $284 (first profit-taking zone). $322–345 (EMA cluster & supply). $375 (major resistance). Risk/reward: ~13 points risk vs 60–110+ points potential reward (good R:R). Summary: Bears → Breakdown below $236 opens $174 downside. Bulls (My current setup) → Long from $262.30, SL $249.50, looking for bounce to $284 → $322 → $375.