COMCASTCOMCAST
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CMCSA Long, Weekly EMA144 as supportWeekly structure level,
where had been used as demand/supply more than 5 times.
EMA144 as support
Entry: 40
Stop: 38 ;
Target: 46; risk/reward=1:3
I am not a Pro trader. I need few months to work on rule based trading strategies.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
COMAST CORP DAILY ANALYSISHello my friends
the daily chart of this market shows with a strong probability that it will experience a downward trend with the consideration at the same time of reversal
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BUY on CHART COMCAST CORPHey traders ,**DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. COMCAST CORP is in an uptrend, it is likely that it could go back to give a buy signal.
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Comcast recoveyComcast has formed an inverse head and shoulders pattern.
There is a clear break out of the neckline and the MACD has recorded a new first green bar.
I've set profit targets at the 0.618, 0.786 and 1.0 Fibonacci levels.
Updated CMCSA post earnings play80 call options $50 strike currently at .06 - .07
CEO is committed, they have a strong balance sheet, and they provide the ideal business for a pandemic.
CMCSA - Daily chart [27th April to 1st May] Waiting confirmation candle to breakout above 50MA
Daily chart show downtrend, Strong support @ 34.85, Strong resistance @ 38.9
CMCSA to Long, Double bottom6/1/2018 Weekly demand zone confirmed
Entry at demand zone: 34
Stop below this zone: 32
Target1: 40; risk/reward=1:3
Target2: 42, risk/reward=1:4
This is a trading school homework. I need 6 months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
In my real trade, I use options. I bought Jun C35 Call, limit 2.74;
Stop lost about 1.50.
Sum of my ideas:
5 active, 7 winner, 1 loser, 0 pending for condition;
4 analysis only, 8 cancelled;
CMCSA to lowerThis looks like it is also heading for another push lower, I would start watching this for a drop below 38.7 with confirmation being below 38 to lower, these same week puts will pay all week if this stays below 36.
CMCSA has bearish wolfe wave patternAfter the breakout, price may fall down because of that wolfe wave pattern.
Buy CMCSA now till end of FebruaryCMCSA is a large sustainble company. My opinion is to buy now at such a low levels and hold it till Take profit line (purple).
Since the last 4q statement was not good the stock price slumped, however it does not mean the company won't recover rapidly.
IMHO one month and you take it with a good profit.
Have a good Day!
CMCSA Supply and DemandBigger upwards trend should prevail, but should be range bound between these 2 zones for next week or so.
Comcast oversold and undervaluedCMCSA beat earnings last week but a potential run higher was thwarted by the overall negative news/low confidence in the market. Average analyst 1yr target is $51 and most of the bearish commentary on CMCSA is around the company's $100 billion debt. Long term performance outlooks are bearish but there is definitely some room for short term profit and indicators are suggesting a potential entry point here. Watching for a confirmed bottom and return of bullish momentum.
Long on bad internet (Comcast)Saw order flow coming in for Comcast to make a move and was able to identify a IHS with a measured move to ~50. Trade has been in progress for a few days but progressing nicely.
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.
