Possible comcast trade set-up

Discussion in 'Technical Analysis' started by phillyflipper, Feb 26, 2012.

  1. Comcast was sold this past Friday at it's previous high back in 2007 .
    We also have a bearish outside daily bar . Looks good for a short trade
    on Monday. Could get a 50% retracement of the outside bar unless they sell it pre-market. This is a daily chart. Possible move is to wave 4 where it could be bought for the long side. I am not in this short but will consider a buy at wave 4