Stock in Sideways or ShortingComcast Corporation in daily Timeframe Correction which expected to go till March 2022...can avoid or short below 54 for target 45..
But it's better to avoid it
Comcast
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.
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
GNUS breaks 4 year bearish trend with violent move on volume!This will be a long one so bare with me.
Outstanding move by GNUS today and what an incredible bounce back from back to back direct offerings.
Broke 4 year bearish channel and now up 79.85% on the day and another 12.98% in after hours.
This stock has been on my watch list ever since they released a couple of PR's that seriously got my attention but I
steered clear due to 2 direct offerings.
Today Genius Brand's Emmy award winning CEO Andy Heyward released a shareholders letter.
After reading the letter I decided to take a long position in GNUS this morning.
Lets answer the question probably on your mind "was the move justified?"
The answer is yes the move was justified and I will explain why.
Summary of PR's from May 5th and May 6th respectively : (source - Genius Brand's press release)
"Genius Brands International to Launch “Kartoon Channel” Digital Network Across Amazon Prime, Apple TV, Comcast, Cox, SelectTV, DISH, Sling TV, Tubi, Xumo and More"
"Genius Brands International’s Rainbow Rangers Toys from Mattel to Debut at Walmart Stores in August"
They announced that on June 15th they will release a free to watch ad supported Kartoon Channel on those platforms listed above. They also announced that their toys from their hit tv show "Rainbow Rangers" on NICK JR will debut at Walmart. These toys will be made and manufactured by Mattel.
1. I found multiple other things that caught my eye which I will go over.
Along with "Rainbow Rangers they also have a show called llama llama on NETFLIX which the lead character is voiced by Jennifer Garner, both of these shows have been renewed for a second season.
2.Mr. Heyward co- authored a book with Warren Buffet called
"Secret Millionaires Club, Warren Buffett's 26 Secrets to Success in the Bus"
They also have recently recorded Mr.Buffet for some psa's and a show called the "Secret millionares club"
that is aired on their network and meant to help teach kids financial responsibility .
3.In august 2021 they have a show that will debut on
AMAZON PRIME in the US and ALIBABA in China called "Superhero Kindergarten".
This show was dubbed by "indie wire" "Stan Lee's final project"
Arnold Schwarzenegger will both star as the lead character and will serve as Co-Executive producer.
Fabian Nicieza will be scripting the series.
CEO Andy Heyward Bio summary (Source - Genius Brand's website):
Emmy Award-winning Andy Heyward has made more episodes of kid’s television than any other producer. During his five years with Hanna-Barbera, he was involved in the development and writing of numerous series including Scooby Doo, Flintstones, Jetsons, Smurfs, Yogi Bear and Scooby’s All Star Laff-A-Lympics. In 1982, he co-created Inspector Gadget and during the following years he has produced over 5,000 episodes of award-winning children’s programs, most of which shows and brands are household names, including Inspector Gadget, The Real Ghostbusters, Alvin and the Chipmunks, G.I. Joe, Hello Kitty, Sonic the Hedgehog, Super Mario Bros, Sabrina the Teenage Witch, Strawberry Shortcake, Care Bears, Captain Planet, Teddy Ruxpin, Sailor Moon, Madeline, Where on Earth is Carmen Sandiego, Liberty's Kids, and dozens more. In 1994, he convened the National PTA, National Education Association, UCLA and producers from throughout the industry to draft the first voluntary set of program guidelines for children’s television. In 1996, he hosted the first meeting between then FCC Chairman Reed Hundt and children’s television producers.
Considering all of what I have listed above, I believe this is a unique opportunity and I have decided to invest in Genius Brands and have marked my price targets for the year in red on the chart.
Disclaimer:
Please understand that this is a highly volatile penny stock with bad financials currently and has been in a bearish trend for the past 4 years. This is highly speculative and risky play because a lot of things have to go right for this to work out.
THIS IS NOT A RECOMMENDATION TO INVEST IN THIS STOCK.
THIS IS NOT FINANCIAL ADVICE.
Comcast Corp buy opportunities with new monthly demand levelsOn Comcast Corp american stock #CMCSA we have a clear monthly uptrend with new demand levels being created while breaking all time highs. In an uptrend with demand levels being created and respected, no shorts are allowed, only buying the underlying stock at new demand imbalances.
This is a longer term analysis for Comcast Corp, you can use lower timeframes to take a trade on this stock. By taking into consideration the long term big picture trend, we will be adding more odds when buying Comcast.
Two monthly demand imbalances have been created around $42 and $36 per share, price did not retrace to strong demand level at $36 but it did retrace to the imbalance at $42.
COMCAST - DAILY CHART Hi, today we are going to talk about Comcast and its current landscape.
Comcast is poised to receive increasing attention from the market as the Universal Pictures movie "Cats" that had a budget of about $100 million has been rebuked with an opening of $6.5 million in ticket sales, and reviews labeling the movie as one of the worse of the year, the movie also has hit the theaters with unfinished Visual Effects (VFX), setting this movie to be a huge loss for Comcast and a failed interpretation of the Thomas Stearns Eliot iconic musical.
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COMCAST WeeklyCurrently forming double top, if breakout to ATH target above.
If pullback target previous resistance.
If 35 is broken things looking hairy.
Comcast - Waterfall possible?At the week level, a bearish engulfing has developed. After a trend, this is a sign of the trend change.
The first target area would be $ 28 on the plan. The CRV is excellent at 6 to 1. Looking, Waiting for Entry on the following Monday.
CMCSA POTENTIAL DOWNTREND CONTINUATIONCMCSA has broken the long term correction. I'm expecting one more impulsive wave to the downside.
COMCAST Bearish Mode ONThe stock dropped below the 200 and 50-day moving average. My PV is at $42 a share, but in my case, I’m already short on it and I'll wait to take some actions for a proper chance to buy around $32.83 and then take profit around $42. Wall Street is targeting this share around $43.
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RISK ARB OPPORTUNITY: SKY BUYOUT There's been another big deal developing ($29-30B) so I figured I'd post another arbitrage, in this case, 'risk arb' or Merger Arbitrage.
Fox needs to raise its offer of 10.75 pounds per share for the 61 percent of the British pay-TV company it doesn’t already own, in order to challenge Comcast’s 12.50 pounds per share bid. Comcast, which already won U.K. approval for its Sky approach, has a deadline of Friday to put the 22 billion pound ($29 billion) proposal to Sky shareholders under U.K. takeover rules....The tussle over Sky is part of a wider bidding contest between Comcast and Walt Disney Co. for the bulk of Rupert Murdoch’s media empire, as each tries to scale up to take on streaming competitors Netflix Inc. and Amazon.com
faculty.chicagobooth.edu
www.newyorkfed.org
Although it's formally an arbitrage strategy, purists would argue that it's not a pure arbitrage as it incorporates speculative aspects and is not as riskless as other strategies such as convertible arbitrage which fully hedges deltas:
The main basis in a stock-for-stock acquisition revolves around the idea that the target's stock will often trade at a lower market price compared to the exchange ratio that will apply once the deal is closed. Traders will purchase the target's stock and receive an excess value of the acquirer's stock when the deal is closed.
To hedge risk, traders will short the same number of the acquirer's shares based on the exchange ratio.
The objective is to capture the spread between the target's share price at market and the closing price based on the exchange ratio set by the acquirer. Spreads can be between 5-10% (median) for deals that close upwards of 55 days.
Unlike other arbitrages, risk arbs can be done quite easily, but like all other strategies, can also become more efficient and complex if done professionally.
Risk arb funds can also be good diversification for a portfolio as they often generate superior risk adjusted returns in poor markets.
www.bloomberg.com
Comcast mid-term long callComcast (CMCSA) has seen a 7% price decline since earnings, even though they recorded better-than-expected returns and revenue. They have also recently made a hostile bid for the assets of 21st Century Fox, threatening Disneys current bid for the company. The price is currently at a level of previous support. I expect an upward price movement in the next few weeks.
SHORT COMCAST $CMCSATrend - Bearish
Indicator - 52 Week Low
Chart - Weekly
Strategy - Ride the trend short and cover on the touch of a 26 week high or 52 week high depending on your profits.
Time Frame - Could take up to a year to cover.
Good reasons to believe that it is going downThis is an early call, very little information yet but I see quite clearly a descent to touch the area of 28.
I do not care so much in which angle it descends, it may or may not take time to cover his downtrend. However, it seems difficult to continue ascending without first having a short rest.
Touching the R & S zone could give it a boost to push him up again, but it would be difficult to see levels greater than 43.. seeing longer-term charts, the decline is quite marked.
Let's see how it develops.
Comcast Will Give Some BackComcast has been in a bullish trend since January 2016. During this course of this trend, the stock has moved down after hitting resistance. The stock is currently at this point of resistance and should follow suit by moving down. Near-term downward movement is outlined below.
When we take a look at other technical indicators, the relative strength index (RSI) is at 72.7044. RSI tends to determine trends, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. Currently the RSI is near overbought levels. The last two times the stock spike up to its current resistance trendline, the RSI was also at similar levels the stock was at on May 30. Both of these resistance and RSI indicators led to a 4% drop for the stock. This is the first indicator of potential near-term downward movement.
The true strength index (TSI) is currently 18.8524. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The TSI has been trending up, and there is no telling where its future direction shall go.
The positive vortex indicator (VI) is at 1.2278 and the negative is at 0.7091. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. These indicators have currently spiked favorably to the upside. This won't last forever, but as long as the positive stays above the negative this could slow any drop in the stock.
The stochastic oscillator K value is 91.0208 and D value is 95.4541. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. This indicator is clearly overbought. The last four times this indicator reached this point the stock fell. Similar to the RSI analysis above, This overbought level led to a 4% decline in the stock over the following weeks and the same is expected in our current case. This is the second indicator of potential near-term downward movement.
The stock is at its resistance point, the RSI and stochastic are flashing overbought. These three indicators have been accurate when occurring together during the stock's year and a half bull trend. Natural up and down movement is common in any bull or bear trend. The stock has a history of bouncing off its current resistance level down to one of two support levels before moving up again. The solid yellow line support on the bottom may not occur this time, but the dotted white line is very plausible.
Considering the RSI, TSI, VI and stochastic levels, the overall direction favors a move to the downside. Based on historical movement compared to current levels and the current position, the stock could drop at least 3% over the next 32 trading days if not sooner.
Correction time for COMCAST?Hello Traders,
It seems like, it's a correction time for COMCAST. We have observed Bearish AB=CD pattern on weekly chart. The PRZ is hihglighted on the chart and it is made of AB=CD and 2BC Fibonacci ext. We can clearly see that price is resting in this area and we may see reversal from here. On lower time frame, price has made a double-top with RSI divergence which is also a bearish signal.
Happy Trading!!!
CMCSA: Take the not too crowded shortLet's enter shorts in CMCSA at market price, stop loss is 68.32. Looks like a good chance with bearish RgMov signals pointing to further downside, while the daily chart uptrend turns around dropping under the Key Earnings Support level above. This is a very conservative stop loss, but I prefer to take small risks when it comes to fighting the trend.
Good luck!
Ivan Labrie.
