MACD cross and is growing volume should be around $42 soon.
Comcast (CMCSA) has seen a 7% price decline since earnings, even though they recorded better-than-expected returns and revenue. They have also recently made a hostile bid for the assets of 21st Century Fox, threatening Disneys current bid for the company. The price is currently at a level of previous support. I expect an upward price movement in the next few weeks.
Hi guys. Here's a high volume stock that showed a spectacular run recently. We also have a breakout. That being said I'm humbly seeing some potential weakness in the move. Not a short though but just an observation. Thank you for taking a look.
Comcast has been in a bullish trend since January 2016. During this course of this trend, the stock has moved down after hitting resistance. The stock is currently at this point of resistance and should follow suit by moving down. Near-term downward movement is outlined below. When we take a look at other technical indicators, the relative strength index (RSI) is...
Let'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...
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 )