CMCSA trade ideas
Comcast PullbackNASDAQ:CMCSA pulled back today past the 50% retracement I was watching but still holding the Daily Ichimoku cloud. I already own a stake in the shares as part of my "Broadband rollout" investment thesis I began last June. Interestingly another stock NASDAQ:COMM which is also in that basket is up bigly today to a new All Time High.
I added to my shares position for the thesis and long term investment portfolio. It's a good company that should be around in 10 years which is my foremost consideration for investment. I also took short term options to play the run up to earnings on 4/29.
CMCSA - Good entry for long?Price action has been printing higher highs and higher lows and is now currently at the trend line which is also at 50ema and right around support zone.
Buy zone at 54.50 - 53.50 area, stop just below support at 52.99.
$CMCSA with a neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $CMCSA following a positive over reaction after its earnings release placing the stock in Drift B
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$CMCSA - on the pull backI will be grabbing commons on a pull back to see how much left is this run but my screener says it has more to give.
CMCSA > 53.50Ticker: CMCSA
Sector: Communication Services / Entertainment
Average Beta: 1.04
Set up: Wedge Breakout / Micro Flag
Entry Price: 53.62
Stop Loss: 51.67
Price Target: 65
Scale in/out: Scaling in with volume approaching ATH supporting bids throughout the trade. Scaling out as im paying for the trade once bids stop supporting figures such as 55, 56, etc..otherwise letting the trade work for me with kicks along the way.
Will you trail: Will trail with previous day LOD
Next Earnings: April 28
Previous Earnings: Jan 28 (Beat)
ATR: 1.15
ATV: 17.04M
Spread: 0.03 - 0.10
Support: 52 and 51.75 Pivots
Resistance: Since its at ATH resistance is could be located at each figure that's why volume is significant, especially when approaching psychological numbers.
Key Levels: 51.75 Support, 52 Support, 53.60 ATH, 55 Figure, 60 Figure, 65 Figure
Short Interest: 1.69%
I really like this trade since it has been in a solid consolidation for a few months with steady grinding along the way. The pattern looks even better after the positive reported earnings back in January forming a micro flag.
The only real concern is if volume doesn't support the trade as it grinds. Otherwise this setup is great and a bit more consolidation wouldn't hurt the trade.
Comcast Corp. Buy📈 NASDAQ:CMCSA Long D1
🛒Buy above = 53.66
🎯Target1 = 54.86
🎯Target2 = 55.59
🎯Target3 = 56.79
⛔️Stop-loss = 51.72
❌Cancel trade = 51.72
Long | CMCSANASDAQ:CMCSA
Possible Scenario: LONG
Evidence: Price Action
This is my idea and could be wrong 100%.
Bullflag Breakout?Watching carefully here for CMCSA to breakout of a bullflag at all time highs. Great consolidation and we also see some bullish divergence on the RSI
$CMCSAThis retreated a bit today but still looks good for the rest of this week, let's see what happens. Strong market should help.
CMCSAReally like this chart. Nice base that formed for roughly a year. Good strength coming from Com Serv stocks lets see if it will continue.
COMCAST CORP. ANALYSIS📈 NASDAQ:CMCSA LONG H4
🛒Buy above = 50.40
🎯Target1 = 51.25
🎯Target2 = 51.78
🎯Target3 = 52.63
🛑Stop loss = 49.02
❌Cancel trade and open reverse trade = 49.02
🙈Recommended risk = 2-3%
📉 NASDAQ:CMCSA SHORT H4
🛒SELL BELOW = 49.02
🎯Target1 = 48.17
🎯Target2 = 47.65
🛑Stop loss = 50.40
❌Cancel trade and open reverse trade = 50.40
🙈Recommended risk = 1-2%
