The Long Investor
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$CMCSA - RC -
🕑 Added 2025-03-25 15:36:28 +0000 UTCIt has been a difficult 4 years for Comcast but I don't believe their ABC correction is complete just yet.
The Impulse wave from 2009 to 2021 was perfect, and it appears that it will take 5 years to complete the ABC correction and drop down to $26 for Wave C.
Until a lower low is made beneath Wave A, I would not consider a position here.
Comments
Daniel
When I first started my investing journey (late 2023), I was solely focused on dividend companies with solid fundamentals that I had interest in. Over the last 6-9 months, CAP has really accelerated the "urge" or "want" for my willingness to learn the technical side of investing to become a next level investor. CMCSA comes into play here now, I was solely a dividend investor early on and CMCSA was a early holding. I sold for some small gains and never returned(again solely only looking at fundamentals here). Now seeing this chart, with the waves outlined and how beautiful this chart looks(even though it took awhile for the impulse wave from 2009 to 2021 to play out) it looks clean! A CMCSA may not be a AMZN, COST, DIS, etc BUT when "C" completes for this ABC correction, It will be hard to not want a slice of a company that has a chart that looks like this.
