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Comcast Corporation Class A

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CTP2 trade ideas

Some planning and a good time to buy Well It's that time now where we can sit back relax and get a good look at our charts. It's Bank holiday, end of 1st Q, end of the month, end of the week those bars are printed so we should be able to get a decent look at what may be going on. For me firstly Iv'e just briefly been taking a look at the majors and volatility etf's to get an overall stand on the market. What i like here on the S&P500 We can see that in March we did not make a new low, held within February's range and just settling around the 12ema on the monthly and right around the 50ema on the weekly chart where we started to see a little bounce, particularly tech which was nice to see starting to bounce on Friday. So for now i don't think there's any reason to assume we are in a bear market yet. Noticed a few breadth indicator charts flying around too with notable lower spikes on recent selling than previous weeks. S&P 500 MONTHLY VIEW We didn't make a new high either but did test it so this could go sideways for a period of time, but we closed in the bottom of the range so for now i will assume we can enjoy a little bull run with many sectors and stocks oversold. That being said, on to my scans not going to go into great detail. On this chart was just a simple scan looking for stocks where 5 period stochastic on the daily is below 30 oversold and on the weekly the 50ema is moving up smartly over a period of 20, Some might like to look for stocks over longer periods but for me i'm a short term swing trader i like to trade the now so i'm just looking for short term trades. All i'm doing then is analysing the charts on multi time frames looking at macd behaviours and momentum oscillators etc. This one popped up right near the top of my list and straight away just looking across the board the time frames where falling in to place. What i also noticed without having to crunch numbers and go through financials was that this stock is a really nice growth stock just looking at that trend which has been strong and steadily growing along the way since 2010 when it was trading for under $10. This will have picked up many investors along the way. With that in mind this would be a perfect place for some investors to get involved again as it's the first visit to the 200 ema since this trend kicked into gear, Looks fairly cheap having dropped 25% since recent high, also at a monthly support level.
NASDAQ:CMCSALong
by wolfstreetswinger
#CMCSA #stock #shortCMCSA is undergoing a long term trend change. The trend is changing from up to down. There is an opportunity to play the double top that has formed. Monthly Comcast has formed an eve and adam double top. All indicators are ponting down. This stuck is experiencing a trend change from an uptrend to a downtrend. There are two levels of resistance, one of which is in the near future. The first is at the $33. Should look to see if the stock cuts through that line quickly. The second is around $15. That is a long way down. weekly Here again, you can see the double top more clearly. All indictors pointing down. A formation with indicators changes on the monthly chart further suggest trend changes that will effect the lower time frame charts. Daily Double top is evident again. All indicators pointing down. There is an opportunity for an almost 2 RRR to play the double top. That being said, one should be patient.It will take time to complete. There are many possible areas of resistance price could bounce off of.
NASDAQ:CMCSAShort
by The_Patterns_Guy
Good reasons to believe that it is going downThis is an early call, very little information yet but I see quite clearly a descent to touch the area of 28. I do not care so much in which angle it descends, it may or may not take time to cover his downtrend. However, it seems difficult to continue ascending without first having a short rest. Touching the R & S zone could give it a boost to push him up again, but it would be difficult to see levels greater than 43.. seeing longer-term charts, the decline is quite marked. Let's see how it develops.
NASDAQ:CMCSA
by normstock
Comcast Will Give Some BackComcast has been in a bullish trend since January 2016. During this course of this trend, the stock has moved down after hitting resistance. The stock is currently at this point of resistance and should follow suit by moving down. Near-term downward movement is outlined below. When we take a look at other technical indicators, the relative strength index (RSI) is at 72.7044. RSI tends to determine trends, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. Currently the RSI is near overbought levels. The last two times the stock spike up to its current resistance trendline, the RSI was also at similar levels the stock was at on May 30. Both of these resistance and RSI indicators led to a 4% drop for the stock. This is the first indicator of potential near-term downward movement. The true strength index (TSI) is currently 18.8524. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The TSI has been trending up, and there is no telling where its future direction shall go. The positive vortex indicator (VI) is at 1.2278 and the negative is at 0.7091. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. These indicators have currently spiked favorably to the upside. This won't last forever, but as long as the positive stays above the negative this could slow any drop in the stock. The stochastic oscillator K value is 91.0208 and D value is 95.4541. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. This indicator is clearly overbought. The last four times this indicator reached this point the stock fell. Similar to the RSI analysis above, This overbought level led to a 4% decline in the stock over the following weeks and the same is expected in our current case. This is the second indicator of potential near-term downward movement. The stock is at its resistance point, the RSI and stochastic are flashing overbought. These three indicators have been accurate when occurring together during the stock's year and a half bull trend. Natural up and down movement is common in any bull or bear trend. The stock has a history of bouncing off its current resistance level down to one of two support levels before moving up again. The solid yellow line support on the bottom may not occur this time, but the dotted white line is very plausible. Considering the RSI, TSI, VI and stochastic levels, the overall direction favors a move to the downside. Based on historical movement compared to current levels and the current position, the stock could drop at least 3% over the next 32 trading days if not sooner.
NASDAQ:CMCSAShort
by StockSignaler