In going through the Short Setups category, I’ve noticed that CMCSA hasn’t been updated in since Oct 10th, when it was starting to crack below the rising wedge pattern. It was advised at the time to wait for a close below the pattern before entering, which did not happen that day. The stock went on to climb within the pattern, finally breaking below about a month later on Nov 8th. As this one fell off my radar, it was never moved to the Active Trades category although it should have been. As I missed the entry, stops were never suggested. After breaking below the pattern, CMCSA was lifted with the rising tide of the broad markets, back-testing the wedge from below on two separate occasions and once again, looks to be setting up for a new objective short entry or add-on if/when prices break below this orange trendline that I’ve added to this updated daily chart shown with prices targets and a suggested stop parameter.
