It has been a worthwhile wait on our previous COMCAST (CMCSA) buy signal (see chart below) that we gave on April 28, but it finally hit the $44.00 target today:
The trend is unchanged within the Channel Up pattern since the October 13 2022 bottom, but as the 1D RSI turned extremely overbought (above 70.00), it gives a sell signal since every overbought...
The Comcast Corporation (CMCSA) had a +10% jump yesterday, capitalizing on the higher than expected earnings and is approaching the February 02 High. The long-term pattern is a Channel Up (blue) but there might be a diverging Channel Up also emerging (dotted lines) that might decelerate this aggressive rise.
So far we see a tendency to fill the Lower Highs gaps...
