This will be a long one so bare with me.
Outstanding move by GNUS today and what an incredible bounce back from back to back direct offerings.
Broke 4 year bearish channel and now up 79.85% on the day and another 12.98% in after hours.
This stock has been on my watch list ever since they released a couple of PR's that seriously got my attention but I
On Comcast Corp american stock #CMCSA we have a clear monthly uptrend with new demand levels being created while breaking all time highs. In an uptrend with demand levels being created and respected, no shorts are allowed, only buying the underlying stock at new demand imbalances.
This is a longer term analysis for Comcast Corp, you can use lower timeframes to...
Hi, today we are going to talk about Comcast and its current landscape.
Comcast is poised to receive increasing attention from the market as the Universal Pictures movie "Cats" that had a budget of about $100 million has been rebuked with an opening of $6.5 million in ticket sales, and reviews labeling the movie as one of the worse of the year, the movie also has...
At the week level, a bearish engulfing has developed. After a trend, this is a sign of the trend change.
The first target area would be $ 28 on the plan. The CRV is excellent at 6 to 1. Looking, Waiting for Entry on the following Monday.
The stock dropped below the 200 and 50-day moving average. My PV is at $42 a share, but in my case, I’m already short on it and I'll wait to take some actions for a proper chance to buy around $32.83 and then take profit around $42. Wall Street is targeting this share around $43.
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Comcast (CMCSA) has seen a 7% price decline since earnings, even though they recorded better-than-expected returns and revenue. They have also recently made a hostile bid for the assets of 21st Century Fox, threatening Disneys current bid for the company. The price is currently at a level of previous support. I expect an upward price movement in the next few weeks.
Trend - Bearish
Indicator - 52 Week Low
Chart - Weekly
Strategy - Ride the trend short and cover on the touch of a 26 week high or 52 week high depending on your profits.
Time Frame - Could take up to a year to cover.
This is an early call, very little information yet but I see quite clearly a descent to touch the area of 28.
I do not care so much in which angle it descends, it may or may not take time to cover his downtrend. However, it seems difficult to continue ascending without first having a short rest.
Touching the R & S zone could give it a boost to push him up again,...
Comcast has been in a bullish trend since January 2016. During this course of this trend, the stock has moved down after hitting resistance. The stock is currently at this point of resistance and should follow suit by moving down. Near-term downward movement is outlined below.
When we take a look at other technical indicators, the relative strength index (RSI) is...
It seems like, it's a correction time for COMCAST. We have observed Bearish AB=CD pattern on weekly chart. The PRZ is hihglighted on the chart and it is made of AB=CD and 2BC Fibonacci ext. We can clearly see that price is resting in this area and we may see reversal from here. On lower time frame, price has made a double-top with RSI divergence...
Let's enter shorts in CMCSA at market price, stop loss is 68.32. Looks like a good chance with bearish RgMov signals pointing to further downside, while the daily chart uptrend turns around dropping under the Key Earnings Support level above. This is a very conservative stop loss, but I prefer to take small risks when it comes to fighting the trend.