- April 28, 2023
- Posted by: Tradingshot Articles
- Category: Stocks
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.