Altice USA $ATUS IPOed in June 2017 at $30 a share, but has since lost more than 50% of its initial market cap when price dropped below $15 a share in October. Here in mid-November, ATUS is trading around $17.70 a share, and looking like it could be setting up for a bullish reversal.ATUS Daily Chart(click to enlarge)A falling wedge:- After an initial push higher, ATUS has been bullish after the IPO. - The decline was sharp in the second half of 2017, but has stabilized since early 2018. - We can see that as price shifted from a falling knife to more sideways-though-falling wedge.V-shape Reversal Attempts:- Current, we are seeing a bullish V-shape reversal pushing price against some resistance factors.- V-shape reversals signify a strong reversal attempt that should be monitored, but is not always followed by a bullish run.- Back in May 2017, we saw a similar V-shape attempt that broke above the then-falling resistance. The high also broke above a previous high, and the RSI tagged 70.- In fact, that previous bullish V-shape signal was accompanied by more bullish signals than the current attempt.Looking Ahead:- Considering the current price chart, ATUS is still bearish and probably at a price level that is good for shorting into another bearish continuation run.- However, if price holds above $16.20, we might have more price bottom development. A hold above $17 would be an even stronger sign of a price bottom in development.- A break above $20 would be critical, and a break above $21 would further confirm the bullish outlook. Note that this was the resistance the previous V-shape bullish attempt failed to push above.- So, a break above $20 along with a hold above $17 would be great signs of a pending bullish reversal at least towards the $24-$25 area, which represents the 2018 high, and top of the current falling wedge pattern.ATUS Weekly Chart(click to enlarge)