CMCSA trade ideas
CMCSA (Weekly chart)We are approaching a major resistance, we can look for shorts. Wait for bearish candle to form on weekly chart and break below the 42.00 level.
CMCSA: Probably one of the cleanest breakoutReminder: This is not a high flyer but very stable company with tons of cash in hand. Sky Network will show and provide good value in their next er next week imho.
Loving this setup.
CMCSACup w Handle ? Not really, but could see a nice breakout perhaps - 40.63
Relative Strength is rising nicely since May 2018
Comcast ShortComcast
Nearing 52w high. Has been rejected on a prior test.
Tight Stop loss (1%) with a short position off of the retest.
Comcast - Waterfall possible?At the week level, a bearish engulfing has developed. After a trend, this is a sign of the trend change.
The first target area would be $ 28 on the plan. The CRV is excellent at 6 to 1. Looking, Waiting for Entry on the following Monday.
CMCSA POTENTIAL DOWNTREND CONTINUATIONCMCSA has broken the long term correction. I'm expecting one more impulsive wave to the downside.
COMCAST Bearish Mode ONThe stock dropped below the 200 and 50-day moving average. My PV is at $42 a share, but in my case, I’m already short on it and I'll wait to take some actions for a proper chance to buy around $32.83 and then take profit around $42. Wall Street is targeting this share around $43.
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CMCSA Crossroad for nowPersonal liking aside, CMCSA is in the midst of a crossroad between utopia and dystopia :)
In an ideal world, I hope the uptrend line is supported with a break above 36.60 for more upside towards 38.17 and a longer term target of 42.
Yet in the event that it should break 34.50 then the market would have decided that it favors the downside more than my personal liking or bias.
Reflection: The key is not knowing for sure what a stock is going to do next, but knowing what it should do. Then it's just ensuring if the train is on schedule or not and adapting to the situation presented.
CMCSA Holding Bullish Channel SupportCMCSA is holding the medium term bullish channel support. Price target is $36.50 - $37.50 with a quick recovery during October.
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Pattern shows that there has been shift in sentimentIt looked bearish in first half of year; but then something changed and sent the trajectory upwards;
Because its near the middle of the weekly channel; its a tough call to say which way it would go. The rising wedge also looks like its getting squeezed.
That means that this growth is not fully sustainable. It will most likely take a dive and then continue head upwards towards the top of the blue channel.
I personally wouldnt play this right now.
CMCSA: On the verge of breaking out. Key numbersNeed to take out 37.20-37.40 and then starts running. Very optimistic.
Playing long dated calls.
CMCSA looking fantasticCMCSA just crossed the 200MA, forming a cup and handle pattern with a close SL opportunity and a great looking candle.
ComcastSmall Trade, I think cmcsa is in a downtrend and this is just a counter
ABCD Pattern = (0)
Fractal = Neutral (0)
Volume = yes (1)
Timing = Good (1)
