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Comcast Corporation

CMCSA Fib retracement, trend and support/resistance levels

Par cosmicnexus
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Comcast (CMCSA) recently was challenged and turned back by the 1 level on the Fib's scale... it then quickly retraced all the way back to the 0 level which has held thus far with two retests. Given the current longer term trend is strongly bullish, I would expect CMCSA to head back to the 1 level and attempt going higher. If it breaks through the 1 level as I would suspect it will, then I would expect to see it moving up into the highest resistance range I have marked on this chart. I don't feel the lower resistance level I have marked is reinforced strongly enough by past price action to turn it away for long, if at all.
Note
BTW this was done as part of an exercise in MarcPMarkets free Kindle eBook course, very well written it is... tradingview.com/u/MarcPMarkets/
Chart Patterns
cosmicnexus

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