CMCSA > 53.50

2021년 2월 26일

Ticker: CMCSA
Sector: Communication Services / Entertainment
Average Beta: 1.04
Set up: Wedge Breakout / Micro Flag
Entry Price: 53.62
Stop Loss: 51.67
Price Target: 65
Scale in/out: Scaling in with volume approaching ATH supporting bids throughout the trade. Scaling out as im paying for the trade once bids stop supporting figures such as 55, 56, etc..otherwise letting the trade work for me with kicks along the way.
Will you trail: Will trail with previous day LOD
Next Earnings: April 28
Previous Earnings: Jan 28 (Beat)
ATR: 1.15
ATV: 17.04M
Spread: 0.03 - 0.10
Support: 52 and 51.75 Pivots
Resistance: Since its at ATH resistance is could be located at each figure that's why volume is significant, especially when approaching psychological numbers.
Key Levels: 51.75 Support, 52 Support, 53.60 ATH, 55 Figure, 60 Figure, 65 Figure
Short Interest: 1.69%

I really like this trade since it has been in a solid consolidation for a few months with steady grinding along the way. The pattern looks even better after the positive reported earnings back in January forming a micro flag.
The only real concern is if volume doesn't support the trade as it grinds. Otherwise this setup is great and a bit more consolidation wouldn't hurt the trade.