Cable One, Inc. ** Investment opportunity for the months ahead **
On the above 3-week chart price action has corrected 85%. A number of reasons now exist to consider a long position, they include:
1) Price action and RSI resistance breakouts.
2) Price action is on legacy support from January 2016
3) No stock splits.
4) A near 300% forecast is made to broken market structure. The forecast is derived from the falling wedge.
5) A dividend of 2.81%
Is it possible price action continues to correct? Sure.
Is it probable? No
Ww
Type: Investment
Risk: You decide
Timeframe for long entry: Before end of year.
Return: 200%