$CMCSA On Verge of Major Breakout
COMCAST making a nice steady Bullish move building
a 3 Rising Valley breakout pattern with $43 as a breakout level.
Alert set for touch and use resistance levels as
targets . If this plays out then a ATH is on the horizon.
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CTP2 trade ideas
Comcast, End of an EraWith the coming of 5G, Comcast and other companies relying on cable TV will be deemed irrelevant as it will be so easy to view news and shows on your phone or computer, wherever you are. Overall, Comcast is going to lose a ton of revenue and sales to 5G and the modernizing of cable TV.
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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.
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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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;