Comcast long after earnings

29 de out. de 2021

CMCSA had earnings yesterday and the stock opened and spiked below the October low. It quickly recapture the range setting up a good spike opportunity. I like taking these sort of setups because earnings is a good catalyst to move a stock (in either direction) and also removes that unknown volatility factor that could disrupt an otherwise good trade.

CMCSA is a long term portfolio hold for me so this position is a trade and an addition on a pullback for the stock. I use Comcast and they are continuing to dominate the broadband space. I also have it in a basket strategy with other broadband related stocks such as HLIT, COMM, and CSCO.

29 de out. de 2021

Nota

On the higher timeframe analysis the earning spike and setup occurred at what I would consider a minor inflection point of price around 52. It was the top of the Q4 2020 range which was broken and then retested for the recent leg up. A full 50% Retracement would be around 47.