CMCSACL trade ideas
Comcast Approaching Wave 4 on Minor Period for a wave 5 LONGComcast Corp New seems to be approaching the completion of a Wave 4 on the Minor period before continuing upwards for a Wave 5 to the upper structured trendline. Stochastic seems to be approaching overbought position whilst RSI seems to indicate downwards movement to oversold position, as well as MACD suggests continued downwards movement for a confirmation of wave 4 on minor period. Structure suggests that we have already broken out of wave 3 Minor (confirmed) and needs to complete wave 4 before starting wave 5, which should be a great trade. Once price action reaches the top structured trendline, we can take a massive SHORT to trade the correction/consolidation of the chart for some really great profits ! My gut feeling is that this stock will drop substantially, possibly below the lower trendline but we shall wait for now to see which way investors view the continuous dubious practices which have landed Comcast the largest ever FCC cable fine ($2.3 Million) which suggests upper management panic due to possible poor subscriber numbers, together with CNN's continuous engagement into fake news announcements and leftist rhetoric and poorly executed journalism, resulting in very low viewer audience which may possibly affect investor confidence over the next year.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk.
Plan your trade and trade your plan... and IF in doubt, stay out.
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Correction time for COMCAST?Hello Traders,
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 which is also a bearish signal.
Happy Trading!!!
Just started with stocksLooked at this for a friend but don't have as much knowledge in stocks as forex.
don't trade this idea. just food for thought.
Buyout of Soul And Vibe, Inc (SOUL)There are rumors among major shareholders that Soul And Vibe (SOUL) is interested in selling. I think a deal may already be in the works.
CMCSA: Take the not too crowded shortLet'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.
Good luck!
Ivan Labrie.
CMCSA right time to go long?CMCSA weekly and daily shows that trend could reverse soon after hitting the lower trend line. MACD is about to have a bullish crossover, with RSI coming out of an oversold level.
CMCSA- Bearish Gartley Pattern Setup + trendline setup
Potential Short Counter. Entry Price around 61.7-62.3 . Or wait for any Reversal candlestick pattern form. Normally it is the ABC correction for the Up trend ( weekly chart 20 years )
CMCSA LONG CMCSA Close to hitting the 200 day AVG and I believe it is bound to recover from last weeks beating. I am long this stock long term and now is a great time to capitalize on the bounce that is going to come this week.
Comcast - CMCSAGood evening traders,
Here is my view on Comcast Corp:
I believe we are heading to $59.25 (As a first target) due to the rejection we have experienced from the horizontal and
diagonal support; subsequently forming a pin bar.
After this level is attained, I believe we shall head on to make higher highs, however I would ideally want to be square prior to earnings report on the 2/24/15.
Possible shape of right shoulder..When the entire market is oversold two days ago, Comcast suffer the similar faith
But just when it looked bleak because a broke of trendline is first half of the trading session,
at the end of trading day it closed as a DOJI exactly on the mid-term trendline extended from Nov 2011
And there is a follow through on Friday.
With RSI gradually moving up, there is at least a short-term buy signal if price break 54 next Monday not oblivious to the fact that it an still be rejected at 54.68 due to down slope 20&50ema.
If price can break 54.69, there is a potential right shoulder.
Whether the right shoulder will mimic the left shoulder or a bigger shoulder like Auzy opera house, will find out in due course.
Comcast - Cup And Handle BreakoutPrice broke out of a resistance level, creating a textbook cup and handle breakout. If we use the dept of the cup as a target from the resistance level and most recent structure low as a stop, we have a good trade on our hand with an excellent reward to risk ratio.
Don't forget, this stock has a current dividend yield of about 1.75%.
Good luck :)
Buy CMCSAUpside to 58$ ish by mid July
Confluence zone of support at 48$
Indicators have bullish diveregence
