CMCSA Fib retracement, trend and support/resistance levels

Comcast (CMCSA) recently was challenged and turned back by the 1 level on the Fib's scale... it then quickly retraced all the way back to the 0 level which has held thus far with two retests. Given the current longer term trend is strongly bullish, I would expect CMCSA to head back to the 1 level and attempt going higher. If it breaks through the 1 level as I would suspect it will, then I would expect to see it moving up into the highest resistance range I have marked on this chart. I don't feel the lower resistance level I have marked is reinforced strongly enough by past price action to turn it away for long, if at all.

評論:

BTW this was done as part of an exercise in MarcPMarkets free Kindle eBook course, very well written it is... www.tradingview.com/u/MarcPMarkets/