On the chart we can see that Comcast Corporation is creating a head and shoulders pattern.
We are waiting for the breakout of the neckline to take our short position.
Target and stop loss are shown on the chart.
Order BUY CMCSA NASDAQ.NMS Stop 30.97 LMT 30.97 will be automatically canceled at 20230401 01:00:00 EST
CMCSA daily close to daily trendline retest we can run into weekly downtrend line retest.
Order BUY CMCSA NASDAQ.NMS Stop 31.34 LMT 31.34 will be automatically canceled at 20230401 01:00:00 EST
CMCSA daily bullish hammer near monthly buying zone wave 4 of downtrend retracement into 50% Fibonacci.
Signals:
Position: Long Entry Price: 59.49
Target Price: 66.32 Stop 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. ...
Welcome to our weekly trade setup ( CMCSA )!
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4 HOUR
Bullish market turnover.
DAILY
Trendchange and price turnover midterm.
WEEKLY
Expecting more bullish pressure and price action.
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STOCKS SETUP
BUY CMCSA
ENTRY LEVEL @ 54.00
SL @ 53.63
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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