In the world of technical stock analysis, there’s a common phrase that reminds traders to grasp the big picture, take to heart a stock’s long-term direction and ultimately –it is hoped— win on more trades.
That phrase, “the trend is your friend,” seems to fit an evaluation of ATSC 3.0 in 2023. Overall, if 3.0 were a stock, the trend continues on an upward trajectory. However, like all stocks, its rise has not been straight up. While 2023 may be remembered for some new highs, that’s not to say there haven’t been a few notable pullbacks.
