CMCSA trying to break out!

NASDAQ:CMCSA   Comcast Corporation
CMCSA has been forming an ascending triangle since March of 2021. With a Beta of over 1, the clear up trend on the weekly and even monthly makes sense.

With a Payout of 36.80% CMCSA guarantees a lot of room for growth and further dividend increases as well.

* Looking at the price action over multiple time frames it seems like CMCSA may be breaking out in the coming week.

Trade Idea:
There are a few things you can do to enter this trade.
* You can enter now before the breakout. This would give you a nice return.
* It may dip a bit before trying to break resistance again so you can look for buying opportunities around the $57 area.
* Or ultimately you can wait for a clear break of this resistance before entering.

** The measured objective (target) for this pattern break out would be in the $65.78 area

Regardless of what you choose CMCSA is a great long term hold and is positioning itself for a move higher.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.