COMCAST Hit our long-term target. Expecting a pull-back.
It has been a worthwhile wait on our previous COMCAST (CMCSA) buy signal (see chart below) that we gave on April 28, but it finally hit the $44.00 target today:
The trend is unchanged within the Channel Up pattern since the October 13 2022 bottom, but as the 1D RSI turned extremely overbought (above 70.00), it gives a sell signal since every overbought break-out delivered a pull-back towards the 1D MA50 (blue trend-line) at least. The 1D MA50 is currently on the 0.382 Fibonacci retracement level (from the ATH) and moving parallel to the bottom (Higher Lows trend-line) of the Channel Up. We project the pull-back to be within 43.50-42.50. After that, our buy target will be Resistance 1 at 48.50.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
The trend is unchanged within the Channel Up pattern since the October 13 2022 bottom, but as the 1D RSI turned extremely overbought (above 70.00), it gives a sell signal since every overbought break-out delivered a pull-back towards the 1D MA50 (blue trend-line) at least. The 1D MA50 is currently on the 0.382 Fibonacci retracement level (from the ATH) and moving parallel to the bottom (Higher Lows trend-line) of the Channel Up. We project the pull-back to be within 43.50-42.50. After that, our buy target will be Resistance 1 at 48.50.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.