CTP2 trade ideas
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.
CMCSA right time to go long?CMCSA weekly and daily shows that trend could reverse soon after hitting the lower trend line. MACD is about to have a bullish crossover, with RSI coming out of an oversold level.
CMCSA- Bearish Gartley Pattern Setup + trendline setup
Potential Short Counter. Entry Price around 61.7-62.3 . Or wait for any Reversal candlestick pattern form. Normally it is the ABC correction for the Up trend ( weekly chart 20 years )
CMCSA LONG CMCSA Close to hitting the 200 day AVG and I believe it is bound to recover from last weeks beating. I am long this stock long term and now is a great time to capitalize on the bounce that is going to come this week.
Comcast - CMCSAGood evening traders,
Here is my view on Comcast Corp:
I believe we are heading to $59.25 (As a first target) due to the rejection we have experienced from the horizontal and
diagonal support; subsequently forming a pin bar.
After this level is attained, I believe we shall head on to make higher highs, however I would ideally want to be square prior to earnings report on the 2/24/15.
Possible shape of right shoulder..When the entire market is oversold two days ago, Comcast suffer the similar faith
But just when it looked bleak because a broke of trendline is first half of the trading session,
at the end of trading day it closed as a DOJI exactly on the mid-term trendline extended from Nov 2011
And there is a follow through on Friday.
With RSI gradually moving up, there is at least a short-term buy signal if price break 54 next Monday not oblivious to the fact that it an still be rejected at 54.68 due to down slope 20&50ema.
If price can break 54.69, there is a potential right shoulder.
Whether the right shoulder will mimic the left shoulder or a bigger shoulder like Auzy opera house, will find out in due course.
Comcast - Cup And Handle BreakoutPrice broke out of a resistance level, creating a textbook cup and handle breakout. If we use the dept of the cup as a target from the resistance level and most recent structure low as a stop, we have a good trade on our hand with an excellent reward to risk ratio.
Don't forget, this stock has a current dividend yield of about 1.75%.
Good luck :)
Buy CMCSAUpside to 58$ ish by mid July
Confluence zone of support at 48$
Indicators have bullish diveregence
