Comcast (NASDAQ: $CMCSA) Wicks Thru 0.786 Fib! 🕯️Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services. The Media segment operates NBCUniversal's television and streaming platforms, including national, regional, and international cable networks, the NBC and Telemundo broadcast, and Peacock networks. The Studios segment operates NBCUniversal's film and television studio production and distribution operations. The Theme Parks segment operates Universal theme parks in Orlando, Florida; Hollywood, California; Osaka, Japan; and Beijing, China. The Sky segment offers direct-to-consumer services, such as video, broadband, voice and wireless phone services, and content business operates entertainment networks, the Sky News broadcast network, and Sky Sports networks. The company also owns the Philadelphia Flyers, as well as the Wells Fargo Center arena in Philadelphia, Pennsylvania; and provides streaming service, such as Peacock. Comcast Corporation was founded in 1963 and is headquartered in Philadelphia, Pennsylvania.
Comcast Corporation Class A
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Nearing the Neckline of the 2020 Market Collapse BottomThe "neckline" of the bottom after the market collapse of 2020 is very strong support as the selling at this juncture was a panic mode due to the pandemic economic lockdown. Stocks collapsed beyond fundamental levels at that time.
This support level is going to thwart downside action for many stocks near this area. This kind of pattern warns of the impending end to heavy selling down. So, many stocks should develop a bottom around this level.
Example: The neckline of the 2020 bottom formation for CMCSA is at 39.49. But this is NOT confirmation of an entry point yet. Best to wait for a breakout of the current basing action. Bottom formations can take a while to build sufficient buying energy to move up sustainably.
Trading Idea - #ComcastMy trading idea for Comcast Corporation - Sell / Short
Target: 34.00 USD (+15%)
Stop: 43.00 USD
Comcast with the breakout below the descending trend channel. Double confirmation for a negative trend continuation!
Comcast Corp. is a modern communications and media company. The company is one of the largest video, high-speed Internet and telecommunications providers to residential and business customers in the United States.
Comcast delivers strong quarterly results (Q1 2022), but customer growth continues to be lacking.
Comcast(CMCSA): Bullish Divergence at 800 Day EMAWe have been trending down within this channel for the last several months a Bearish Butterfly Initiated the trend and now we are Bottoming Out at the 800 day EMA about to attempt a Break of the Channel and with the Presence of the Divergence I think we will succeed in it
Betting on further Comcast drops. CMCSAGoals 44, 42, 41. Invalidation at 50 .
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
Comcast long after earnings - Part 2NASDAQ:CMCSA tanked on earnings down to a clear Support level; the 2019/2020 highs and the 50% Retracement of the COVID to recent ATH.
I am being exceptionally patient with entry. I want IV to fall a little more post earnings and then get long via the June 55 Calls.






















