CMCSA trying to break out!CMCSA has been forming an ascending triangle since March of 2021. With a Beta of over 1, the clear up trend on the weekly and even monthly makes sense.
With a Payout of 36.80% CMCSA guarantees a lot of room for growth and further dividend increases as well.
Technically:
* Looking at the price action over multiple time frames it seems like CMCSA may be breaking out in the coming week.
Trade Idea:
There are a few things you can do to enter this trade.
* You can enter now before the breakout. This would give you a nice return.
* It may dip a bit before trying to break resistance again so you can look for buying opportunities around the $57 area.
* Or ultimately you can wait for a clear break of this resistance before entering.
** The measured objective (target) for this pattern break out would be in the $65.78 area
Regardless of what you choose CMCSA is a great long term hold and is positioning itself for a move higher.
