Comcast Attempts a Bull Flag Breakout
Comcast has pulled back after making a new high last month, and now it could be turning upward again.
The media giant battled against a downward-sloping trend line running from March 16 through last Wednesday. But it ended last week breaking above it.
Second, notice the hammer on April 9 had its low around $52.50 -- almost exactly the high on November 24. That level held price in check through late February. Old resistance may be turning into new support.
Next, CMCSA briefly fell below its 50-day simple moving average (SMA) and 21-day exponential moving average (EMA). Now it’s back above both.
TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
The media giant battled against a downward-sloping trend line running from March 16 through last Wednesday. But it ended last week breaking above it.
Second, notice the hammer on April 9 had its low around $52.50 -- almost exactly the high on November 24. That level held price in check through late February. Old resistance may be turning into new support.
Next, CMCSA briefly fell below its 50-day simple moving average (SMA) and 21-day exponential moving average (EMA). Now it’s back above both.
TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.