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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Personal liking aside, CMCSA is in the midst of a crossroad between utopia and dystopia :)
In an ideal world, I hope the uptrend line is supported with a break above 36.60 for more upside towards 38.17 and a longer term target of 42.
Yet in the event that it should break 34.50 then the market would have decided that it favors the downside more than my personal ...
CMCSA is holding the medium term bullish channel support. Price target is $36.50 - $37.50 with a quick recovery during October.
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It looked bearish in first half of year; but then something changed and sent the trajectory upwards;
Because its near the middle of the weekly channel; its a tough call to say which way it would go. The rising wedge also looks like its getting squeezed.
That means that this growth is not fully sustainable. It will most likely take a dive and then continue head ...