Yesterday, I sent to the Elite Zone members an earnings setup for $CMCSA that completed a bearish Bat Gartley just below a broken Wedge pattern. First target level was reached on the open and now, the price may pullback, allow a second entry chance towards secondary target zone - 57-58$ Tomer, The MarketZone Subscribe to my newsletters - goo.gl Follow me on...
Potential Short Counter. Entry Price around 61.7-62.3 . Or wait for any Reversal candlestick pattern form. Normally it is the ABC correction for the Up trend ( weekly chart 20 years )
CMCSA Close to hitting the 200 day AVG and I believe it is bound to recover from last weeks beating. I am long this stock long term and now is a great time to capitalize on the bounce that is going to come this week.
We have pin par rejection of a well established up-trending channel resistance and this recent up move has occured on low volume which means we can fade it. As always DYOR
More bullish than bearish non directionally. Nice gap down that got bought.
Good evening traders, Here is my view on Comcast Corp: I believe we are heading to $59.25 (As a first target) due to the rejection we have experienced from the horizontal and diagonal support; subsequently forming a pin bar. After this level is attained, I believe we shall head on to make higher highs, however I would ideally want to be square prior to earnings...
Interesting BID ASK spread. ;) I would not even concern myself with this spread unless we close below the 100 SMA. Neutral to bullish.
CMCSA recently broke through it's 50 and 100 period MA to the downside, to find support at the 200 period MA. (Notice, the 200 period MA has consistently been supportive over the past year)