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Key Highlights of the Charter–Cox Merger
- Merger Announcement: Charter Communications is set to acquire Cox Communications in a deal valued at approximately $34.5 billion, including debt.
- Debt Assumption: The combined entity will assume around $12 billion of Cox’s existing debt.
- Ownership Structure: Post-merger, Cox Enterprises will hold approximately a 23% stake in the new entity.
- Strategic Objective: The merger aims to strengthen the companies’ positions in the broadband and cable markets, enabling them to better compete with streaming services and telecom providers.
For a comprehensive overview of the merger details, please refer to the official announcement: Charter Communications and Cox Communications Announce Definitive Agreement to Combine Companies.
Technical Analysis: Charter Communications (CHTR) Stock
Current Market Behavior:
- Gap Up Opening: Following the merger news, Charter’s stock opened with a 1.38% gap up, reaching $429.
Trading Strategy:
- Bullish Scenario:
- Timeframe: Switch to a 1-minute chart to monitor price action.
- Entry Point: Wait for consolidation; enter a long position upon breakout above the consolidation range.
- Stop Loss: Set below the low of the entry candle or the swing low of the consolidation.
- Target: Aim for a 1:2 risk-to-reward ratio.
- Bearish Scenario:
- Gap Fill: If the stock retraces to fill the gap, Use 5 ema Setup read article fast it will work best today
- Entry Point: Enter a short position if the price breaks below the low of the fifth consecutive green candle.
- Target: Set a target at $423.
Note: For detailed guidance on trading gap scenarios and candle patterns, refer to our Bullish–Bearish Candle Strategy.
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