Dec. 6 at 1:29 AM
Actionable Trade Alert for
$CMCSA:
Market Context:
$CMCSA is currently trading at
$27.2, with an RSI of 42.09 indicating it is nearing oversold conditions. The stock is below its 30-day MA of
$27.53 and 50-day MA of
$28.67, suggesting a bearish short-term trend. However, the proximity to the 60-day low of
$25.75 provides a potential reversal opportunity.
Directional Bias: Given the RSI and the current price near the lower end of its 60-day range, we anticipate a bullish reversal. A break above the 30-day MA could signal a shift in momentum.
Trade Plan:
- Suggested Entry:
$27.20
- Stop Loss:
$25.50 (approximately 6.3% below entry)
- Take Profit Targets:
1.
$28.00 (2.9% ROI)
2.
$29.00 (6.3% ROI)
3.
$31.85 (17.3% ROI)
Monitor price action closely as it approaches these targets. A break above
$28.00 could strengthen the bullish case.
For more insights, visit https://privateprofiteers.com.
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