Long CMCSA 24-05-2021Asset and Time frame -Daily
Entry Price -55.58
Exit(Stop Loss) -53.54
Exit(Take Profit) -61.67
Technical Analysis -Price has been going inside an uptrend channel for a very long time, the price has reached the bottom of the channel and the daily 100 MA, price action tried breaking the channel with massive volume with no success.
CTP2 trade ideas
CMCSA Long Signals:
Position: Long Entry Price: 59.49
Target Price: 66.32 Stop Loss: 58.79
Indicators:
RSI shows that CMCSA is neutral, indicating that a significant trend reversal or corrective pullback is unlikely to occur in the near future.
MACD line is above the signal line indicating the presence of a bullish momentum.
Pattern: 1. Rising Wedge 2. Three Inside Up
Conclusion:
The CMCSA stock is currently consolidating whilst staying within the support and resistance levels. There is a rising wedge pattern and a three inside up pattern both indicating the presence of a bullish momentum. The RSI and MACD do not show any potential of trend reversals in the near future. Hence, a long position is recommended.
$CMCSA with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $CMCSA after a Positive over reaction following its earnings release placing the stock in drift B
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CMCSA VCP SetupFirst time seeing this kind of VCP contraction where every contraction also showing a single digit contraction.
C1: -9%
C2: -7%
C3: -4%
C4: -3%
Very low risk entry point. Earning report was published yesterday with YoY growth.
Will it serve the momentum to breakout like AMD? Can refer to my prefer AMD prediction in the link below.
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.
CMCSA Bullish Solid increase in interest recently around CMCSA and on a steady uptrend. Good news contributed to the recent increase but more attention could result in a solid opportunity for a mid term swing. Higher lows and highs for the past couple of months give this stock a good support to move up from.