Comcast Longuptrend off uptrend
upper Bollinger band
above 20 day moving average
weekly zones red/blk = supply & green/blk = demand
trend reversal on weekly confirmed at weekly demand zone
CMCSA trade ideas
CMCSA Target $49A break out of a cup and handle pattern should see it test 0.618 Fib level.
Target 49
COMCAST eyeing an end-of-quarter 44.00 target.The Comcast Corporation (CMCSA) had a +10% jump yesterday, capitalizing on the higher than expected earnings and is approaching the February 02 High. The long-term pattern is a Channel Up (blue) but there might be a diverging Channel Up also emerging (dotted lines) that might decelerate this aggressive rise.
So far we see a tendency to fill the Lower Highs gaps of the Bear Cycle and the next ones (2 & 3) are within 43.85 - 44.70. As a result we set an end of quarter (Q2) target at 44.00.
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CMCSA, 10d+/-14.30%falling cycle -14.3% more than 10 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
CMCSA Bearish AB=CDCMCSA Bearish AB=CD completed pattern now it may prepare for bearish divergence after making LH and LL
CMCSA - head and shoulders On the chart we can see that Comcast Corporation is creating a head and shoulders pattern.
We are waiting for the breakout of the neckline to take our short position.
Target and stop loss are shown on the chart.
CMCSA- lower for nowCMCSA has failed to hold -price over the point of control and has given a sell signal on the 4 hour time frame. The signal is good for approx $2. and is active for an average of 21 bars. Selling at the money calls for Feb regular / looking for $2+ to the downside
Comcast (CMCSA) bearish scenario:The technical figure Channel Up can be found in the daily chart in the US company Comcast Corporation (CMCSA). Comcast Corporation is the largest American multinational telecommunications conglomerate. It is the second-largest broadcasting and cable television company in the world by revenue (behind AT&T), the largest pay-TV company, the largest cable TV company and largest home Internet service provider in the United States, and the nation's third-largest home telephone service provider. It provides services to U.S. residential and commercial customers in 40 states and the District of Columbia. The Channel UP broke through the support line on 22/02/2023. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 23 days towards 34.83 USD. According to experts, your stop-loss order should be placed at 40.74 USD if you decide to enter this position.
Comcast Corp has cut its stake in BuzzFeed Inc by 8.5% since the end of January, cashing in on a rally in the shares of the digital media company on reports of a plan to partner with OpenAI, the artificial intelligence firm behind ChatGPT.
It has so far sold more than 11 million BuzzFeed shares since Jan. 30, reducing its stake to 15.5% from 24%. The sale fetched Comcast about $28 million, according to a Reuters calculation.
It sold roughly four million shares for an average price of around $2.90 apiece at the end of January, and most recently dumped another 500,000 shares for an average of $2.05 a share, filings by Comcast showed.
NBCUniversal, Comcast's entertainment unit, had invested $200 million in BuzzFeed in 2015 and injected another $200 million in 2016, valuing the company at around $1.7 billion.
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CMCSA daily possible short opportunity THE CONSISTENT TRADES analyze CMCSA as a bearish /weak fundamental stock and therefore would be traded only in a short position.
CMCSA is in a rising wedge pattern which break could be bearish and fast. It enters into resistance from gapping down and fills most of that gap. If rejection continues and the price fall below the trend line, the short opportunity would occur after dropping below the blue dotted line.
Volume is neutral.
It is above all major MA which is bullish.
However, RSI and MACD have strong and powerful bearish divergences which indicate there is no more momentum in price moving up.
Overall: After the price reaches the resistance level and closes the gap, there is a high chance to retest major MA. Drop out of the pattern would indicate a massive short-selling opportunity. FGirst major support would be BigRed. However, if the price continues to consolidate on this level, without a big drop with a big volume, there could be a bull move, which we wouldn't play because it is bearish fundamental stock.
$CMCSA with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $CMCSA after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 25%.
$cmcsa will pull back?There is an uptrend for $cmcsa. I would wait a pull back to get in. My set up is as below.
Entry; $37.14
S/L; $36.84
TP1; $38.14
TP2; $39.61
Please always do your own search and analysis before you take any trade. Do not rely on anyone :)
CMCSA Hitting Resistance?Sensing that the overall market is turning down after trying to hold above the 200 day moving average, one stock I had considered purchasing at a lower price is Comcast. Entered into Feb 17 45-40 call credit spread @ 0.63. The opening price surge could quickly reverse as the 200 day moving average may be too much to overcome for many stocks.
Some more juice on CMCSA I believe we are forming a corrective zigzag with price pushing up a bit more to where i have V labeled. After this we could possibly see correction to form wave B.
*Not financial advice.
$CMCSA with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $CMCSA after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 53.85%.
CMCSA weekly bearish hammerSell Stop 28.75 LMT 28.75 GTC
Buy Limit 23.19 GTC
Buy Stop 31.94 GTC
CMCSA weekly bearish hammer, stop loss above long day candle, take profit at next support zone.
CMCSA daily close to daily trendline retestOrder BUY CMCSA NASDAQ.NMS Stop 30.97 LMT 30.97 will be automatically canceled at 20230401 01:00:00 EST
CMCSA daily close to daily trendline retest we can run into weekly downtrend line retest.
bearish retest for this outdated utility companythe fed has quietly halted bottom line reductions of the balance sheet, markets should rally leading into the holiday season and then tank once again. I am long here for a bearish retest of the 200 weekly moving average. I expect markets to capitulate within 6 months to a year.
CMCSA short on monthlyWe are pretty low, but expect to use MA 100 as resistance and MA 200 as support, so feel we can go lower in between MAs
CMCSA daily bullish hammer near monthly buying zoneOrder BUY CMCSA NASDAQ.NMS Stop 31.34 LMT 31.34 will be automatically canceled at 20230401 01:00:00 EST
CMCSA daily bullish hammer near monthly buying zone wave 4 of downtrend retracement into 50% Fibonacci.
Comcast crashing hard. CMCSAAnd this is not even after a coke binge or an overdose of something that seemed like a good idea at the start of the party. This one is heading the way that the whole market is generally heading right now.
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. Confirmation level, where relevant, is a pink dotted, finite line. 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.
CMCSA weekly bullish hammerMissed daily hammer on CMCSA, so join on weekly chart. Like the position of it.
Comcast casting another downfall. 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
