$CMCSA is trying to breakout from a falling wedge on the daily chart
Price has found support at the 23.6% retracement of the DEC'18 - SEP'19 rally
Not very important, but notice the lower volume trend as the price goes down
Yesterday the breakout was negated, surely they will try again today with the broad market stronger
Estimated targets are 45.30 previous year...
IN TIMES OF TROUBLE COMCAST WILL BE REGARDED AS SOMEWHERE TO PARK YOUR MONEY AND WAIT FOR THE CLOUDS TO CLEAR.
INDICATORS ARE TURNING BULLISH ONCE AGAIN, BUT THERE NEEDS A SERIOUS INJECTION OF VOLUME TO BREAKOUT FROM THE CURRENT RESISTANCE.
NEXT WEEK SHOULD TEST THE STRENGTH OF INVESTORS CONVICTION AND APPETITE FOR RISK OR SAFETY.
Investing position: In Rising section of high profit & low risk
S&D strength Trend: In the midst of an adjustment trend of downward direction box pattern price flow marked by limited rises and downward fluctuations.
Today's S&D strength Flow: Supply-Demand strength has changed...
COMCAST CORP. NASDAQ (CMCSA) HAS OUTPERFORMED ITS PEERS FOR SOME TIME AND HAS REWARDED INVESTORS WITH A 30% RETURN IN 2019 WHILE ALSO HAVING A HEALTHY DIVIDEND OF 2% .
INITIAL PANIC OVER THE SKY DEAL HAS EASED.
COMPANY IS HIGHLY DIVERSIFIED WITH MULTIPLE REVENUE STREAMS.
LOW VULNERABILITY TO TRADE DISPUTE.
GREAT TRACK RECORD OF DOUBLE DIGIT REVENUE GROWTH...
After consistently monitoring the movement of $CMCSA, it just did a breakout from its range and is now sitting above MA20 acting as its current support, EMA10 is about to cross above MA20, while RSI is at 57 level.
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Investing position about Supply-Demand(S&D) strength: In Falling section of high risk & low profit
S&D strength Trend Analysis: In the midst of a rebounding trend of upward direction box pattern stock price flow marked by limited falls and upward...