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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