Comcast Pullback

CMCSA pulled back today past the 50% retracement I was watching but still holding the Daily Ichimoku cloud. I already own a stake in the shares as part of my "Broadband rollout" investment thesis I began last June. Interestingly another stock COMM which is also in that basket is up bigly today to a new All Time High.

I added to my shares position for the thesis and long term investment portfolio. It's a good company that should be around in 10 years which is my foremost consideration for investment. I also took short term options to play the run up to earnings on 4/29.

Comment:

Trade is working "so far" as one on my social media says... Very good confirmation for the daily bar to close ABOVE the 50% retracement.