Trend - Bearish Indicator - 52 Week Low Chart - Weekly Strategy - Ride the trend short and cover on the touch of a 26 week high or 52 week high depending on your profits. Time Frame - Could take up to a year to cover.
This is an early call, very little information yet but I see quite clearly a descent to touch the area of 28. I do not care so much in which angle it descends, it may or may not take time to cover his downtrend. However, it seems difficult to continue ascending without first having a short rest. Touching the R & S zone could give it a boost to push him up again,...
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...
Hello Traders, It seems like, it's a correction time for COMCAST. We have observed Bearish AB=CD pattern on weekly chart. The PRZ is hihglighted on the chart and it is made of AB=CD and 2BC Fibonacci ext. We can clearly see that price is resting in this area and we may see reversal from here. On lower time frame, price has made a double-top with RSI divergence...
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...