When the entire market is oversold two days ago, Comcast suffer the similar faith
But just when it looked bleak because a broke of trendline is first half of the trading session,
at the end of trading day it closed as a DOJI exactly on the mid-term trendline extended from Nov 2011
And there is a follow through on Friday.
With RSI gradually moving up, there is at least a short-term buy signal if price break 54 next Monday not oblivious to the fact that it an still be rejected at 54.68 due to down slope 20&50ema.
If price can break 54.69, there is a potential right shoulder.
Whether the right shoulder will mimic the left shoulder or a bigger shoulder like Auzy opera house, will find out in due course.
But just when it looked bleak because a broke of trendline is first half of the trading session,
at the end of trading day it closed as a DOJI exactly on the mid-term trendline extended from Nov 2011
And there is a follow through on Friday.
With RSI gradually moving up, there is at least a short-term buy signal if price break 54 next Monday not oblivious to the fact that it an still be rejected at 54.68 due to down slope 20&50ema.
If price can break 54.69, there is a potential right shoulder.
Whether the right shoulder will mimic the left shoulder or a bigger shoulder like Auzy opera house, will find out in due course.