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Rogers Communications Ord Shs Class A RCI


Primary Symbol: T.RCI.A Alternate Symbol(s):  T.RCI.B | RCIAF

Communication Services Telecom Services
Rogers Communications Inc. is a wireless, cable, and media company. The Company provides connectivity and entertainment to Canadian consumers and businesses across the country. The Company also has a portfolio of media properties, which includes sports media and entertainment, television and radio broadcasting properties, multi-platform televised and online shopping and digital media. Its wireless segment provides wireless telecommunications operations for Canadian consumers and businesses. Its cable segment is engaged in cable telecommunications operations, including Internet, television, and other video, satellite, telephony, and smart home monitoring services for Canadian consumers and businesses, and network connectivity through its fiber network and data center assets to support a range of voice, data, networking, hosting, and cloud-based services. Its media segment offers a diversified portfolio of media properties, including specialty channels, digital media, and others.


TSX:RCI.A - Post by User

Rogers Communications Ord Shs Class A
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•••
Post by Mrlongpantson Nov 21, 2022 11:37am
298 Views
Post# 35115478

TECHNICAL INSITE. GLTALongs.....

TECHNICAL INSITE. GLTALongs.....2022 Nov 18
Head and Shoulders Bottom 2022 Nov 18
 
 
Intermediate-Term Bullish
Volume 1,989,329
Close Price 59.71
Target Price 65.50 - 67.00
Pattern Duration 57 days
Inbound Trend Duration 78 days

Tells Me: The price seems to have reached the end of a period of "accumulation" at the bottom of a major downtrend; the break up through resistance signals a reversal to a new uptrend.

The Head and Shoulders Bottom is created by three successive declines in the price following a significant downtrend. The lowest low (head) is in the middle, flanked by two higher lows (shoulders) at roughly the same level. Volume is highest as the price makes the first two declines, then diminishes through the right shoulder. Finally volume surges as the price closes above the neckline (drawn between the two highs) to confirm the reversal.


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