CMCSA is undergoing a long term trend change. The trend is changing from up to down. There is an opportunity to play the double top that has formed.
Monthly
Comcast has formed an eve and adam double top. All indicators are ponting down. This stuck is experiencing a trend change from an uptrend to a downtrend. There are two levels of resistance, one of which is in the near future. The first is at the $33. Should look to see if the stock cuts through that line quickly. The second is around $15. That is a long way down.
weekly
Here again, you can see the double top more clearly. All indictors pointing down. A formation with indicators changes on the monthly chart further suggest trend changes that will effect the lower time frame charts.
Daily
Double top is evident again. All indicators pointing down. There is an opportunity for an almost 2 RRR to play the double top. That being said, one should be patient.It will take time to complete. There are many possible areas of resistance price could bounce off of.
Monthly
Comcast has formed an eve and adam double top. All indicators are ponting down. This stuck is experiencing a trend change from an uptrend to a downtrend. There are two levels of resistance, one of which is in the near future. The first is at the $33. Should look to see if the stock cuts through that line quickly. The second is around $15. That is a long way down.
weekly
Here again, you can see the double top more clearly. All indictors pointing down. A formation with indicators changes on the monthly chart further suggest trend changes that will effect the lower time frame charts.
Daily
Double top is evident again. All indicators pointing down. There is an opportunity for an almost 2 RRR to play the double top. That being said, one should be patient.It will take time to complete. There are many possible areas of resistance price could bounce off of.