Signals:
Position: Long Entry Price: 59.49
Target Price: 66.32Stop 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.
Position: Long Entry Price: 59.49
Target Price: 66.32Stop 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.
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