A break out of a cup and handle pattern should see it test 0.618 Fib level. Target 49
The Comcast Corporation (CMCSA) had a +10% jump yesterday, capitalizing on the higher than expected earnings and is approaching the February 02 High. The long-term pattern is a Channel Up (blue) but there might be a diverging Channel Up also emerging (dotted lines) that might decelerate this aggressive rise. So far we see a tendency to fill the Lower Highs gaps...
falling cycle -14.3% more than 10 days. ================================================================================================================================================================== This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240...
CMCSA Bearish AB=CD completed pattern now it may prepare for bearish divergence after making LH and LL
On the chart we can see that Comcast Corporation is creating a head and shoulders pattern. We are waiting for the breakout of the neckline to take our short position. Target and stop loss are shown on the chart.
CMCSA has failed to hold -price over the point of control and has given a sell signal on the 4 hour time frame. The signal is good for approx $2. and is active for an average of 21 bars. Selling at the money calls for Feb regular / looking for $2+ to the downside
The technical figure Channel Up can be found in the daily chart in the US company Comcast Corporation (CMCSA). Comcast Corporation is the largest American multinational telecommunications conglomerate. It is the second-largest broadcasting and cable television company in the world by revenue (behind AT&T), the largest pay-TV company, the largest cable TV company...
THE CONSISTENT TRADES analyze CMCSA as a bearish /weak fundamental stock and therefore would be traded only in a short position. CMCSA is in a rising wedge pattern which break could be bearish and fast. It enters into resistance from gapping down and fills most of that gap. If rejection continues and the price fall below the trend line, the short opportunity...
The PEAD projected a Bullish outlook for $CMCSA after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 25%.
There is an uptrend for $cmcsa. I would wait a pull back to get in. My set up is as below. Entry; $37.14 S/L; $36.84 TP1; $38.14 TP2; $39.61 Please always do your own search and analysis before you take any trade. Do not rely on anyone :)
Sensing that the overall market is turning down after trying to hold above the 200 day moving average, one stock I had considered purchasing at a lower price is Comcast. Entered into Feb 17 45-40 call credit spread @ 0.63. The opening price surge could quickly reverse as the 200 day moving average may be too much to overcome for many stocks.
I believe we are forming a corrective zigzag with price pushing up a bit more to where i have V labeled. After this we could possibly see correction to form wave B. *Not financial advice.
The PEAD projected a Neutral outlook for $CMCSA after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 53.85%.
Comcast Corp long Entry: $32.22 Take profit: $40.73 Stop loss: $28.47
Sell Stop 28.75 LMT 28.75 GTC Buy Limit 23.19 GTC Buy Stop 31.94 GTC CMCSA weekly bearish hammer, stop loss above long day candle, take profit at next support zone.
Order BUY CMCSA NASDAQ.NMS Stop 30.97 LMT 30.97 will be automatically canceled at 20230401 01:00:00 EST CMCSA daily close to daily trendline retest we can run into weekly downtrend line retest.
the fed has quietly halted bottom line reductions of the balance sheet, markets should rally leading into the holiday season and then tank once again. I am long here for a bearish retest of the 200 weekly moving average. I expect markets to capitulate within 6 months to a year.
We are pretty low, but expect to use MA 100 as resistance and MA 200 as support, so feel we can go lower in between MAs