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Comcast (CMCSA) bearish scenario: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 and largest home Internet service provider in the United States, and the nation's third-largest home telephone service provider. It provides services to U.S. residential and commercial customers in 40 states and the District of Columbia. The Channel UP broke through the support line on 22/02/2023. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 23 days towards 34.83 USD. According to experts, your stop-loss order should be placed at 40.74 USD if you decide to enter this position. Comcast Corp has cut its stake in BuzzFeed Inc by 8.5% since the end of January, cashing in on a rally in the shares of the digital media company on reports of a plan to partner with OpenAI, the artificial intelligence firm behind ChatGPT. It has so far sold more than 11 million BuzzFeed shares since Jan. 30, reducing its stake to 15.5% from 24%. The sale fetched Comcast about $28 million, according to a Reuters calculation. It sold roughly four million shares for an average price of around $2.90 apiece at the end of January, and most recently dumped another 500,000 shares for an average of $2.05 a share, filings by Comcast showed. NBCUniversal, Comcast's entertainment unit, had invested $200 million in BuzzFeed in 2015 and injected another $200 million in 2016, valuing the company at around $1.7 billion. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NASDAQ:CMCSAShort
by legacyFXofficial
VIAC Potential Long-Term ShortVIAC (ViacomCBS, Inc.) appears to have a repeating pattern: Multiple times upon reaching it's all time high, it has fallen back below the 61.8% fibonacci (Golden Pocket) level on the rising fibonacci channel. Even more strange, it has done so within 212 days twice already. A potential long-term short opportunity presents itself from the March/April 2021 time frame forward. I currently have no position in VIAC, so this is just my unbiased opinion based on past performance.
NASDAQ:PARAShort
by khollspati
1
Netflix: Update on our long term Buy.This is an update on our NFLX buy position since we posted the following trade in September 2019 when the price was trading on the $250-260 bottom: We have called for a long term Target of $650 but in the mean-time told more medium term investors to start booking profits near the 385 - 415 Resistance. If you took that trade with us you should be almost +50% in profit. With 1D on a steady Channel Up (RSI = 62.074, MACD = 6.790, Highs/Lows = 8.4729), we think it is a good time to update this position and look at the more short term price action. That resembles the previous time Netflix reached 385. A Golden Cross comes as confirmation. If you are a short term investors book profits within 378.00 - 385.00. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
NASDAQ:NFLXLong
by InvestingScope
1
Corus_Entertainment_(TSX:CJR.B)_May_17_2018Corus is a Canadian Media company with interests in the radio, publishing, and television sectors. It was a part of Shaw Communication till 1999 when it was spinned off as a separate company. Since 2014, CJR.B has been in a state of decline owing to the rise of Netflix and other internet based media networks which has impacted advertising revenue. However, even though Television viewership is shrinking, it will not completely die out. There will always be customers for speciality television shows such as those that Corus Entertainment owns and operates. Radio was long presumed to be dead but has found a niche market; I believe television will find its own market. Currently, my analysis indicates that a symmetric triangle is developing. Volume is contracting as the price moves towards the peak of the triangle. Depending upon which way CJR.B breaks outs, we may want to buy or short the stock. However, at these prices CJR.B is yielding over 15% dividend. I think there is sufficient support for the stock around $6.00 as evident by the strong volume at that price level. Earnings are also above analyst estimates (the last earnings was). Based on the probabilities, I would take a gamble at the stock around $6 and hold it till the sector goes strong again. Even though the price may never reach the peak levels of 2014, a 15% dividend is not bad these days. Ofcourse the dividend can be reduced; which any sensible management would do. But in this case, the management seems extremely shareholder friendly with almost firm reassurance that the dividend will not be impacted.
TSX:CJR.B
by advisacorp
1